The weekly OBV has turned up from its long-term uptrend (line h), after breaking its short-term downtrend (dashed line) in early July.
It should be S-h-a-i-k-h or S-h-e-i-k-h, but not S-h-a-y-k-h, as it is in the subject line.
The weekly on-balance volume (OBV) formed a negative divergence at the highs (line h), and is testing its long-term uptrend (line i).
The relative performance has confirmed the new price highs and shows a long-term uptrend, line h.
The OBV has been very strong in 2013 as it moved above the 2011-2012 highs, line h.
The daily OBV broke through its downtrend (line h) in mid-June, and shows a pattern of higher highs.
The relative performance broke its long-term downtrend, line h, early in the year.
The daily OBV broke through its well-defined downtrend (line h) in early September.
The weekly OBV did make new highs two weeks ago, and is well above long-term support at line h.
The relative performance broke through its longer-term downtrend, line h, which confirms the uptrend in the RS line (line i).
The OBV surpassed major four-year resistance (line h) in early 2012.
One stock in the health care provider group is WellCare Health Care Plans ( WCG), and the daily chart shows a nine-month trading range (line h) that was resolved to the upside in early January 2011.
The longer-term negative divergence in the OBV (line h) is consistent with a major top.
The daily chart of the ten-year T-Note yield clearly shows the uptrend (line h) from the July 2012 lows.
The OBV formed a long-term positive divergence at the lows in 2011, line h.
There is longer-term support for the OBV at the uptrend (line h).
The H-L MA analysis has been forming lower highs over the past few months, line b.
The 5WMA of the H-L has dropped below the 13 SMA but it did confirm the highs (line f).
The weekly on-balance volume (OBV) also confirmed the all-time highs, line g, before dropping below its uptrend (line h).
The daily on-balance volume (OBV) rallied sharply in early September, but stalled at resistance (line h).
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