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Technology Stocks : Quarterdeck: Making a Striking Comeback!
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To: Jesse Livermore who wrote (1574)10/4/1997 2:29:00 PM
From: Jeffrey Beckman   of 3307
 
Jesse, Fred and all, I think BOP is reliable as a measure of "systematic buying or selling", as they say. Only about 10% of my charts on a given day come out with strong responses one way or the other, and usually, when they do, it points in the right direction, at least for a time.

The indicator gives responses ranging from +100 to -100 and takes the form of positive green bars during accumulation and negative red bars during distrubution with yellow bars appearing in between. QDEK has had a streak of full scale green bars for a couple of weeks now. Of my 45 charts downloaded each day, only 5-6 were maximum yesterday, and only two other charts (GW, II) are on streaks of extended period accumulations. THRX is another with a great BOP run (ended recently) which has helped me hang on during periods of volatility.

Anyway, the indicator isn't perfect, as events can change market sentiment rapidly. It does look strong for the time being.

Hope this helps,

Jeff
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