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Strategies & Market Trends : The Millennium Crash

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To: tekgk who wrote (292)	8/17/1997 9:05:00 AM
From: bobby beara	of 5676

tek, that Burke guy is a sharp cookie, you should bookmark his profile and I'm sure you would get lots of interesting tidbits like that. I've been thinking over the 29-50 vs 65-82 question. I picked up a book at the library by Nicolas Darvas (Britt recommended this author to me). The book was written in 1971 and is called The Darvas System for Over the Counter Profits. Here is an excerpt from Chap 1 that sounds like Deju Vu all over again: . . .from Jan 64 - Dec. 68, the Dow Jones Industrial Average rose from under 800 to 940, while the NQB average of 35 over the counter issues soared from 150 to 425. 18% vs 180%. .... in 1968 alone more than 1,300 OTC issues advanced by more than 50% . . . A seasoned market observer attributed this fantastic appreciation in unlisted issues to "rising affluence and increased investor awareness" Bunk! I soon found out that the real reason the over-the-counter market was booming was simply that institutional investors, who in former years avoided investing in unlisted issues, were now plunging into that market up to their elbows.... He has two other books that I plan to read Wall St: The Other Las Vegas and How I Made $2 Million in the Stock Market.

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