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: Slava Chechik who wrote (18716)	4/11/1998 8:33:00 PM
From: Gottfried	Read Replies (1) of 95453

Slava, BOP stands for "balance of power" and is a proprietary indicator owned by the Worden Brothers. Their charting software is called TC2000. BOP goes from +100 to -100 and is updated daily. A +100 (which is charted green) means "heavy buying". There are yellow shades in between. A -100 would show red. I don't pay much attention to BOP, because Worden refuses to tell us how it is calculated. If you want to see an example, I can e-mail one of ESV to you. GM

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