Meanwhile, Time Warner is apparently looking for ways to economize on its Manhattan real estate holdings, whether by selling and leasing back the Time Warner Center on Columbus Circle or by consolidating all of its New York operations there.
The weekly OBV moved above its WMA on July 30, 2010 (see vertical line), and then as IWM dropped back to test the lows, the OBV was stronger (circle e) as it stayed above its WMA. At this time, the monthly OBV was positive from May 2009.