Both of my kids used to hold it all day long. For my daughter at a little older than 3, I picked a day when I knew she was ready to burst and I told her she couldn't leave the kitchen until she went in the potty. I told her that I was out of pull ups, I didn't want to have to clean up pee on the carpet, so she would have to stay in the kitchen where we had an easy care floor. She just stared at me for a few minutes. When she asked to play with a toy, "sorry honey, I can't risk you peeing on the floor." Finally she said loudly, "fine!, dragged her potty into the kitchen, slammed it down, sat on it, peed, and said, "I did it!" We called daddy at work and grandma and anyone else that would give her lots of encouragement, and then she got to have her tasty cake reward (Letting her pick the rewards really does help). After that she was trained.
For my son, I again waited until he was filled to the brim, held him on the potty while he went (and he was NOT happy about it), and then it was like the light bulb went off and he got it. I know you said that she has felt it come out, but that could be a fluke. They have to be bursting to get that feeling.
Letting her pick the reward is one of the biggest things. Each of mine was motivated by something different. A neighbor's kid just wanted to ride on our light rail train. So every time he went they took a 5 min ride. She also took him to the pool and had the life guard tell him he couldn't swim until he went. That seemed to work.
Standing is an issue. To this day, my son, age 6, will not sit to poop. We have it now where he stands over the toilet, but that is a whole other issue. She probably needs to either push off of something, or she is afraid of falling into the toilet (his issue). With my daughter, she had bonded with the poop and didn't want to see it flushed down. I had to make up this silly story about sending it to a poopy party in the sea. Silly, but it worked. Have you told her that she can't go to school until the pull ups are gone?
Good luck. I trained my nephew at age 4 in only a day. If all else fails, send her to a relative or friend's house and you will be amazed at how easily she trains without you around.