Despite a recent rally, Japan's stock market remains 75% off its 1989 all-time high.

虽然最近稍有起色，但日本股市比起1989年的历史高位，仍然跌了七成五。

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Importantly, the fact gold started to rally strongly from its recent selling pressure suggests the rally is more than just short covering.

FORBES: By Jim Wyckoff Of Kitco News

The daily on-balance volume (OBV) was able to move above its WMA on the recent rally, but is still below its downtrend, line f.

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The weekly OBV has failed to move above its WMA on the recent rally.

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