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

To: Elwood P. Dowd who wrote (56121)	4/8/1999 11:07:00 PM
From: csm	Respond to of 97611

>> can you explain to me how BOP works? El, in a word, not really! To be a bit more serious, it's a proprietary measure developed by the Worden brothers who run TeleChart. It is calculated from price and volume (I would assume volume traded at the ask and at the bid). I watch it because it is supposed to be able to indicate a "change in character" in a stock's trend. It has helped me to buy and sell significant trends when the price was not giving such a loud signal or even continuing to rise or fall just before a change in direction. To quote some TC2000 literature, "For example, if BOP completes a transition from selling to buying and does it over a period of time while price continues to work lower, it is reasonable to conclude that price may be in the final stages of the decline." I'm not hyping this indicator, I just thought some of the worn out longs (myself included)might have been interested when BOP changed from selling to buying right on April 1. Sooooo, that's it in a nutshell. During CPQ's rise last time, there was BOP buying but it wasn't all that strong. Maybe this time it will be stronger and we'll move more quickly. Stuart. Oh yeah, you can always check the site at www.tc2000.com it includes case studies of BOP and TSV (another indicator).