Compaq Message Board - Msg: 11911088

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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (71774)	11/12/1999 8:53:00 PM
From: csm	Read Replies (1) of 97611

Another bottom call? Remember BOP (Balance of Power)? That's a Worden Bros. technical indicator. Wellllll, it turned from -ve to +ve 6 sessions ago when we moved up through $20. So what? Today BOP turned "green" which means significantly more buying than selling. I know. I know. It didn't look like it to me either, but.... the last time BOP did this was on June 17. That day CPQ had a low of $20 and a close of $22.50. 18 sessions later CPQ closed at $28. So you can say technical-schmechnical if you like but this gave a pretty good indication of a very tradable rally last time. Going away for the weekend but there are probably others who can discuss BOP if anyone is interested. Stuart.

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