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I have watched BOP since it was released in an upgrade and tried to use it
as a trading tool in many ways. For short term (day to 10 day) trades the
only thing it is good for (IMHO) is confirming to hold or exit a position.
I never exit a position while BOP is 'pegged', either way. Once it 'backs
off' there is usually not much left for that move. It is one of the few exit
indicators I have found useful.
Hope this helps
-----Original Message-----
From: Animal <animal@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, November 18, 1998 9:25 AM
Subject: Balance Of Power
>I helped setup a TC2000 last night for a friend and was asked about Don
>Worden's Balance Of Power Indicator. Anyone have any knowledge of this
>puppy being useful and how one trades it?
>
>Thanks
>
>
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