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Strategies & Market Trends : TC2000 Users Technical Analysis Forum

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To: Mark Steffler who wrote ()	11/17/1999 2:23:00 PM
From: kinkblot	Read Replies (1) of 3291

Pattern in BOP for COMPQX using 5-day bars. Yesterday was the first green bar since the July '98 top. In this instance, it appears that green is produced by extreme one-sided action and is therefore a contrary indicator. I prefer not to use proprietary indicators such as BOP. However, when it gives consistent signals for a particular stock or index I take note of it. This time I'm just watching to see if the signal works again for the NASDAQ Composite. Previous signals back through 1991: 07-21-98 - day of top, reversal day 09-26-96 - market continued higher 05-09-96 - couple weeks early There have not been any red bars. Will

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