Aussie Bulls weekly has a "Wait" signal (even though the commentary is bullish - below:)
"The tag stays at WAIT. However, the market continues to go up since the previous SELL signal. The patterns were not agile enough to recognize the bullish move.
You can either wait for the next signal or you may join the bullish crowd. The decision is up to you.
Short sales are not advised given the current bullish momentum though our signals are currently neutral about this issue."
Don't know how many people act on this advice, or go by the signal. If the latter it could explain some of the lack of upward pressure..
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