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This means the multifunction switch has failed which contains the dimmer switch and turn signal switch. Since the lights work when you keep pressure on lever this verifies the wiring is good. It is about $40 for the switch and a 1.5 hour job at a shop so your looking at around $200 total. Let me know if you have questions or if there is anything else I can do to help such as give you replacement instructions. Thanks Bart.
p.s. I'd also like to add you will get getting a follow up survey and it is important for me to get high ratings so let me know if there is ANYTHING else I can do to help and keep ratings high. Thanks.