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Yikes, did I mess that one up. I meant to say maxed out on the buying side. What I was referring to was an indicator they have which in basic layman terms is supposed to reflect buying and selling pressure, similar, I believe, to an on balance volume indicator. I've always wondered how they collect the data but at the same time, there are situations where the indicator seems to very accurately reflect what is going on. GMED is a good example, Xoma and Agouron other ones. The indicator is a series of vertical bars at the bottom of the chart, above the median reflecting buying, below selling. This feels a little bit like confessing that I've been reading tea leaves. I have a strong aversion to technical analysis, it takes everything I enjoy out of investing, but I have incorporated the indicator, which they BOP or balance of power, into the process I use to evaluate my stocks. If you know anyone with access to TC2000 ask to see it. Hope this helps explain what I meant. Dan |
