The weekly on-balance volume (OBV) tested support, line d, on the correction and closed back above its WMA last week.

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The weekly OBV just barely violated its uptrend, line d, on the recent correction.

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The OBV dropped back to major support (line b) on the recent correction.

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It held above its WMA and support (line i) on the recent correction.

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The daily OBV held its uptrend, line d, on the recent correction and has moved back above its weighted moving average.

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The relative performance made new highs Tuesday as it held well above its WMA and the uptrend, line e, on the current correction.

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There is important support for the RS line at line f, which needs to hold on a further correction.

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The relative performance or RS analysis confirmed the new highs in early 2012, but has since dropped below its WMA.The RS line has important support at line c, which needs to hold on a further correction.

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The daily on-balance volume (OBV) moved through its resistance (line c) in October, and has held above its WMA on the recent correction.

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The daily on-balance volume (OBV) does show a negative divergence, line b, which is consistent with a correction.

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