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Strategies & Market Trends : The Darvas Box Thread - Using the Nicholas Darvas system

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To: Dow Beater who wrote (238)1/18/1999 6:05:00 PM
From: Iceberg  Read Replies (1) of 498
 
>I believe the bull is weakening.

Dow Beater,

Maybe so, but I don't see anything on a daily or weekly DJ-30 chart that would indicate market weakness. It's my opinion that market weakness shows up in the charts, and when stops get taken out. Not sure what you are seeing that is of concern.

My impression from reading Darvas is that he didn't worry too much about the overall market direction relative to stocks he had already bought. That is, he let the stops get him out of his positions. Thus, he was out of the market early...way before a weakness in the general market was evident to most other people. Is my understanding on that point correct?

Ice
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