Compaq Message Board - Msg: 8665626

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Technology Stocks : Compaq

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To: Night Writer who wrote (55387)	4/1/1999 8:58:00 PM
From: csm	Read Replies (3) of 97611

A Change in Trend? I use an old version of TeleChart 2000 to identify longer term, easily tradable trends. They have a (proprietary) measure called BOP (Balance of Power) that sometimes seems to give an indication of how strong relative buying and selling are in a stock, regardless of volume. WELL, for the first time today since late January, BOP moved into positive territory for CPQ. We'll have to see if it holds up but I take it as a pretty good omen that as soon as the Q is over some buyers start to take over. Curiously, during the run last fall/early this year BOP was postive but not nearly as strong as it could be. Today's jump looked pretty good to me so I'm hoping this marks a serious change of direction-from $30 to $50 and onward! Stuart.

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