Technical analysis says that these represent very big resistance to a further up move when reached for the first time.
The RS analysis confirmed the upside breakout, as its resistance, line f, was also overcome.
The daily relative performance or RS analysis turned positive in July, as it moved through resistance (line e).
Chart Analysis: Johnson and Johnson ( JNJ) reached the resistance last month that connects the 2002 and 2005 highs, line a.
Chart Analysis: The weekly chart of Diversified REITs broke through weekly resistance, line a, in early 2013 and looks strong.
The monthly RS analysis completed a major bottom in 2009, when it overcame the resistance at line b.
The relative performance, or RS analysis, completed its bottom formation in October when it moved through resistance at line a.
The weekly RS analysis did not confirm the highs in 2012, and is below the resistance at line h.
The RS analysis has already broken out to the upside, as it overcame key resistance (line c) early in August.
The daily relative performance or RS analysis has closed back above its WMA, but a close above the resistance at line b is needed to confirm that the correction is over.
The relative performance, or RS analysis has risen sharply since early June, as it has just broken through resistance (line b).
Students of Fibonacci analysis know that it is typically the violation of the 61.8% resistance or support level that confirms a rally is over.
The RS analysis was confirmed by the on-balance volume, as it overcame the key resistance, line e, in early April.
Chart Analysis : The NYSE Composite has been testing the 61.8% Fibonacci retracement resistance, but has not yet closed decisively above it.
Chart Analysis : Google Inc . ( GOOG) has closed above year-long resistance for the past two weeks, line a.
Chart Analysis : The breakout in the Dow Jones UBS Commodity Index has initial targets at 165 with important resistance in the 170 area, which is the major 50% retracement resistance from the 2008 highs at 238.
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