Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Big Dog who wrote (10475)	2/3/1998 8:38:00 PM
From: Jeffrey Beckman	Read Replies (1) of 95453

BOP Revisited- I discussed the "Balance of Power" indicator of Worden Brother's, Telechart 2000 in mid-December, a measure of systematic Accumulation/Distribution. Things seemed to be looking up at that time, but soon turned negative with lots of red bars (distribution) showing up for much of the driller/oil service group, in some cases severe. Anyway, FWIW, over the last two or three days, there seems to be considerable clearing away of the red, with most stocks turning yellow (neutral) and green showing up here and there. There are still a few with red bars, but most of these have been getting smaller. As others have said, the readings can be misleading, but I'd rather see green than red, anyway. JB

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