The weekly on-balance volume (OBV) also briefly violated its major uptrend (line e) in March, but the OBV has turned up and is likely to close above its weighted moving average (WMA) this week.

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On a trade-weighted basis the dollar today is close to where it was before Lehman failed.

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The OBV is back above its weighted moving average and is very close to moving above resistance at line g.

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The Dow Jones index of leading US shares gained 2.9% to close up 255.26 points at 8, 931.68 while the technology weighted Nasdaq index rose 3%, or 43.51 points, to close at 1, 487.94.

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If the weekly battle for No. 1 stays close, don't expect the world golf rankings, back-weighted as they are to include tournaments two years old, to keep up with the action.

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