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dares
Posted : Saturday, June 25, 2005 12:03:25 PM
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Joined: 11/14/2004
Posts: 29
 Balance of Power can be used to indicate accumulation. Often accumulation occurs in a trading range where price remains at a low value for a length of time. Would it be more appropriate to use BOP under these circumstances than during a rally? Also, what scans can one use to scan for stocks with good BOP during trading ranges?

Gilbert
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Doug_H
Posted : Saturday, June 25, 2005 1:48:13 PM


Worden Trainer

Joined: 10/1/2004
Posts: 4,308
 If BOP has been effective for a particular stock in the past...whether the stock was low in a trading range, or in a rally, then it might prove to be effective again. You might want to find stocks in a trading range, and then plot BOP. Space bar through those stocks to find those where BOP seems to be showing accumulation.

Here is a training video that will help you find stocks trading in a range:

Scan for stocks bouncing in a lateral channel

Also, here is a link to a thread that contains a number of links to articles about BOP, MoneyStream, and TSV.

Hi, I'm looking for the most efficient way to sift through stocks
- Doug
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