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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?

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To: Tumbleweed who wrote (549)9/30/1997 7:52:00 PM
From: Sam Golden   of 1936
 
Joe, Sorry about that I see so much use of TC2000 on SI, Iassumed everyone knew what it was. If you read IBD you will see it advertised every day of the week. Fairly inexpensive with good TA.

BOP (Balance of Power) is shown as a bar graph with a reading of -100 to +100. 3 colors are used green(+),yellow(neutral,+,-)and red (-) or selling. Its more or less on balance volume with a little twist. Everynight I download charts for stocks I track. or Ex; SPNSF for last 30 days has had a green bar to the top (+100), suggesting strong accumulation. For lat 6 months reading has been green ranging from +1to +100 or yellow + (neutral to slightly postive). Last night was the first time in last 6 months that it showed a red bar to about -50, suggesting distribution. Its apretty good, indicator sometimes able to tell you stock is under distribution even though price may have been up.

Ill run it tonight and let you know what it looks like. Got a feeling going to see same as yesterday. as the red bar narrows distribution slows to a stop and accumulation begins again. Thats the trick. you can make a good educated guess but dont know for sure when a directional change will take place( + or -). For what it costs, $30 for the softare and 1/2 cent per day per stock, i think its worth the investment.

Hope this helped. There is other peolple on SI that could probablly explain it way better than me.

Sam
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