SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : ICOM: Investment Discussion
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JimBeamII who wrote (421)3/24/2000 1:25:00 PM
From: JimBeamII   of 494
 
BOP = Base of Power.

People often ask what BOP is. It's an indicator developed by Dan Worden, Worden Brothers, Inc., and is incorporated into the Worden's TC2000 software used for screening and analyzing stocks. In Worden's words:

"BOP is a marvelous indicator. But it doesn't tell you whether a stock will go up or down. By itself, it can hardly be described as a pinpoint timing indicator. What it tells you is whether the underlying action is characterized by systematic buying (accumulation) or systematic selling (distribution). This is exactly what I designed it to be. BOP is a statistical interpretation of a concept that ferrets out subtle evidence of systematic buying or selling. The process of development, like any of my indicators, developed in a similar fashion to the fantasy of how Joe Granville thought up OBV ....

BOP fits into a category of devices that I call 'trend quality' indicators. It tells you about the quality of the underlying action. From this you can infer the various tactical judgments you must make to arrive at an effective decision. BOP, for example, can help you formulate a judgment as to the vital risk-reward ratio of a prospective trade. It can help you determine whether the supply-demand balance will be in your favor. It will help you spot changes in the character of a stock's action."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News