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To: Dave O. who wrote (31)10/30/1996 5:47:00 PM
From: Al Serrao
   of 60
 
BOP has been negative, indicating heavy selling, since the stock fell out of bed. The rebound on 10/29 should have brought in bargain hunters. Instead BOP showed continued heavy selling.

BOP does not measure individual trades, only the total selling or buying for the day. I doubt the stock can recover short term if this trend continues. And if the trend does continue, the stock may break again or more likely fade away on lower volume.

The action on the tape today indicates a battle between the bulls and bears on very heavy volume. I'm anxious to see the reading on BOP this evening.

Will advise.

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To: dr. z who wrote (30)10/30/1996 5:57:00 PM
From: Al Serrao
   of 60
 
There is a discussion going on about TC2000, Worden Bros. program, listed under "Today's Top Ten Hot Subjects", on the Stock Talk Page.

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To: Al Serrao who wrote (33)10/30/1996 6:00:00 PM
From: Dave O.
   of 60
 
Al,

My points were (a) was the "trade" of 1.8 million a "buy" or "sell" by TC2000? and (b) BOP can diverge with price movement. For example, look at HWP in July. It fell from 46 to 38 and moved up the last half of the month to 44. BOP was negative the entire month. A move from 38 to 44 is almost a 16% gain in 2 weeks yet BOP was very negative. Personally, I look at BOP but only use it as a possible confirmation of other TA. Right now I expect EDS to be heavily traded short term. I also think due to the volatility that there will be a fair number of traders in and out within a day or so.

Dave

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To: Dave O. who wrote (35)10/30/1996 8:02:00 PM
From: Al Serrao
   of 60
 
Good point Dave, and precisely the point I'm trying to make. I look to BOP to confirm or not confirm price action. When EDS rebounded sharply yesterday and then BOP continued to show heavy selling, this indicates something is wrong. The price action is suspect.

As a follow up, BOP today again shows heavy selling for 10-30. This index is now strongly negative for five days in a row.

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To: Al Serrao who wrote (36)10/31/1996 12:34:00 AM
From: Dave O.
   of 60
 
Al,

By the way, last year I contacted Worden Bros. and requested a 14 page paper that Don Worden wrote on BOP and CMS. It was interesting reading. If you haven't seen it I'm sure they'd send you a copy. Sorry for getting off the topic here.

Dave

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To: Al Serrao who wrote (33)10/31/1996 6:51:00 PM
From: Larry S.
   of 60
 
What is BOP. please explain thank you Larry Shapiro

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To: Larry S. who wrote (38)11/1/1996 2:19:00 PM
From: Al Serrao
   of 60
 
Balance of Power,BOP developed by Worden Brothers depicts accumulation or distribution which should confirm the price action. For more details contact Worden Brothers @ 1-800-776-4940

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To: Al Serrao who wrote (39)12/6/1996 8:51:00 AM
From: Hoatzin
   of 60
 
To all: EDS story in current issue of Forbes -
forbes.com

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To: Hoatzin who wrote (40)12/14/1996 2:59:00 AM
From: Phu Huynh
   of 60
 
To All: Hope this story will cheer you up.
From Barron's Online: "The computer-services firms are booming. And top players, including EDS, IBM and Computer Services should thrive, even as newcomers rush in."

barrons.com

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To: Phu Huynh who wrote (41)12/14/1996 6:23:00 PM
From: Gaurav Khanna
   of 60
 
Phu -- could you please cut and paste that article from Barrpn's online for us.

Thanks
gaurav

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