The yields dropped sharply from the highs, breaking the uptrend, line g, on April 4.
The RS versus the MSCI World Index has already broken though resistance at line g.
The daily OBV also looks weak, as it has formed lower highs, line g, in 2011.
Daily OBV tested support in May, line g, but has since turned up sharply.
The uptrend, line g, was broken on the decline as the starc- band was exceeded.
The daily relative performance confirmed the recent highs and has turned up from support (line g).
The OBV violated support, line g, over a week ago, as the selling picked up.
The OBV completed its bottom in December when resistance at line g was overcome.
The heavy selling in early April (point 1) dropped the OBV below support at line g.
The daily OBV did not confirm the price high and has formed lower highs, line g.
The OBV broke through resistance (line g) in the middle of August, signaling the latest rally.
The relative performance has surged above its prior high after holding good support (line g).
The relative performance is testing its short-term downtrend, line g, and is trying to bottom.
The OBV needs to move strongly above the July highs (line g) to complete a bottom.
The daily relative performance has turned lower, and it has good support at line g.
This divergence was confirmed in early 2012 when the OBV resistance at line g, was overcome.
The uptrend in the OBV (line h) does indicate accumulation, with next resistance at line g.
The daily OBV has improved in the past week after breaking its downtrend, line g.
The daily OBV did not made new highs last week, having reached strong resistance (line g).
The weekly chart shows that key support (line g) going back to 2010 was tested in August.
There is more important support at the uptrend, line g, and then at the late December lows.
The weekly OBV is still holding above its WMA. and is well below the uptrend (line g).
It would take a move in the RS above its downtrend, line g, to turn it around.
The daily relative performance broke through resistance (line g), but is stalled just below the April highs.
Volume was weak on the recent rally as the OBV failed well below the downtrend, line g.
The weekly OBV did confirm the July highs and is now trying to hold support (line g).
The weekly relative performance has formed lower lows (line g), and shows no real signs of bottoming.
Since then, the RS line has formed lower highs, and broke through support (line g) in late September.
The group bottomed in 2008 ahead of the market, but it violated its uptrend, line g, in 2010.
The relative performance has also broken its downtrend, line g, which completes the bottom formation (line h).
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