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Profile: Norman2000
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User Name: Norman2000
Groups: Gold User, Member, TeleChart
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Joined: Friday, May 29, 2015
Last Visit: Wednesday, June 10, 2015 9:55:33 AM
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Topic: Balance of Power
Posted: Thursday, June 4, 2015 7:10:12 PM

I have been looking at BOP on various ETFs over both short and long time frames.  What has surprised me is that the levels of divergence are so significant.  Some of the strongest upward price trends took place when BOP was negative and some of the stongest downward trends took place when BOP was positive.  For example if you were to look at GLD between Dec 14 and Mar 15 you will see most of the big upswing in a neg BOP and much of the big down in a green BOP.  As this is an important Worden indicator I am hoping you can provide insight or direct me to a video that would allow me to better interpret the signal.  Thank you.