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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?


To: Elwood P. Dowd who wrote (71774)11/12/1999 7:57:00 PM
From: Captain Jack  Respond to of 97611
 
El-- thats because you are the only other that makes any sense in the ZOO! Actually, you said 28 - 30 by 12/31 1999. That is nineteen hundred and ninety nine-- not two thousand! LOL!!! Looks like you may be happy to see that range by 2020...



To: Elwood P. Dowd who wrote (71774)11/12/1999 8:53:00 PM
From: csm  Read Replies (1) | Respond to of 97611
 
Another bottom call?

Remember BOP (Balance of Power)? That's a Worden Bros. technical indicator. Wellllll, it turned from -ve to +ve 6 sessions ago when we moved up through $20. So what? Today BOP turned "green" which means significantly more buying than selling. I know. I know. It didn't look like it to me either, but.... the last time BOP did this was on June 17. That day CPQ had a low of $20 and a close of $22.50. 18 sessions later CPQ closed at $28.

So you can say technical-schmechnical if you like but this gave a pretty good indication of a very tradable rally last time.

Going away for the weekend but there are probably others who can discuss BOP if anyone is interested.

Stuart.