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Strategies & Market Trends : TC2000 Users Technical Analysis Forum -- Ignore unavailable to you. Want to Upgrade?

To: InvestorLady who wrote (995)	9/16/1998 9:28:00 PM
From: CatLady	Read Replies (1) \| Respond to of 3291

IL - If you open up the "All Stocks" list, then sort by BOP, you'll see some other stocks that look similar to ABTX. Since Worden keeps the BOP formula a proprietary secret, one can only guess at what's going on. Because BOP is sometimes slow to react to sudden dramatic changes in price direction, it must be "smoothed" over some length of time. (Something like a moving average) As a SWAG, maybe somewhere in the range of 10 to 15 days past still influence the reading. I prefer to look at the relative change in BOP levels rather than absolute values. I don't really make any decisions based on BOP, but use it more as a filter to find charts I might want to look at more closely. I've often assumed that short covering is what keeps BOP green on a falling stock. CL

To: InvestorLady who wrote (995)	9/17/1998 2:48:00 PM
From: PRay	Read Replies (1) \| Respond to of 3291

ILady, From what I understand, BOP is designed to measure systematic buying and selling. You should look at a "block" of BOP (maybe 14 to 21 days), not just one or a few days. When looking at a chart, study BOP over the past year or two against the price chart. It may help to turn on the "apply BOP colors to price" option on the BOP indicator. PRay