To: DDS-OMS who wrote (6736 ) 4/9/1998 4:09:00 PM From: Cacaito Respond to of 23519
Gary, I congratulate you on the description of "the Buyer at $15". TC-2000 is showing strong accumulation and a price/Total Segmented Volume divergence. It is also showing a price/On Balance Volume divergence. Price trend down, TSV/OBV trend up, or above the midline. That is the divergence. BOP (balance of Power) is showing peersistent and sometimes strong accumulation (long term indicator). Money Stream is flat like the price trend. This is a more acute short term indicator. The Worden Brothers actually reported this two weeks ago, with a technical indication of "buying under $12". Most of the Worden Brothers proprietary indicators like BOP and Money Stream are based on the price tick on transactions of more than one thousand shares, discarding the below thousand shares transactions. This according to their theory creates a clean follow the smart money track, since the buyer of more than a thousand shares should know better than the buyer of couple of hundreds, this theoretical buyer is risking more money, so he should know better. The rest is statistical stuff and trends (for VLAD who asked what is BOP in the past). The purpose of the use of BOP and MS is to discover underlying patterns of accumulation, independent of the fundamentals of the company. They do not actually provide the math and statistics behind BOP and MS due to lack of ability to protect these with a patent. I bought in the past from $15 till $35 following their data and did well. At that time I did not have a confirmation from then. Now, they actually recommended. Your previous Elliot-waves analysis has being quite good and I did follow it in the past. You predicted a final wave pullback down to $8.75, Is it still the actual reading of the waves? Please, provide your Elliot-waves analysis. Thank You, in advance. Take your time, I know it is time consuming. Finally, BOP and Money Stream will not be able to discover sudden sharp convulsions like the plant fiasco, in my view neither other statistics can. But it can discover long term conditions in the making. Disclosure: I still own 20% of my former shares. Lurking to see if I could get my cash back in at $10. Of course, still fearful due to my losses. But hihgly interested due to the good fundamentals and technicals on the stock.