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Strategies & Market Trends : DAYTRADING Fundamentals
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To: darvasdarvas who wrote (10994)12/18/2000 8:20:13 AM
From: gaj   of 18137
 
just an fyi...i read the out-of-print darvas books a year ago, and wrote down his 'DAR CARD' information from one of them. he said he was still able to pick out breakouts, in 74/75... - bob

HOW TO DRAW A DAR-CARD
A) When the price of a rpidly rising stock reaches a resistance point which it does not surpass for 3 or more conescutive days, that point represents the top of the box.
B) If, after falling from the upper limit, the stock reaches a downward resistance point which it does not penetrate for 3 or more consecutive days, that level represents the bottom of the box.
C) The shaded danger level is indicated when the price falls 5% below the bottom of the box.

HOW I USE THE DAR-CARD
A) A stock is in a rising trend when it is in its topmost box. As long as it remains there its price fluctuations should be ignored and the stock is a HOLD.
B) If the price of the stock moves above the top of this topmost box, the stock becomes a BUY. A 10% stop-loss should be set on the first breakout.
C) Having formed a new higher box, if the price falls below the bottom into the shaded area of this box the stock is a SELL.
D) There is no reason to HOLD or BUY a stock that is not in its topmost box.

Also:
1) Darvas buys only stocks making new 52 week highs
2) He now does not buy new breakouts, only the '2nd' breakout to a new high.
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