You Can Still Make It In The Market

In You Can Still Make It In The Market, Nicolas Darvas has devised a breakthrough system for charting the stock market. Called the DAR-CARD, it is easy to use end has the all-important ingredient that existing systems lack: DAR-CARD needs no interpretation.

HOW HE DRAW A DAR-CARD:

• When the price of a rapidly rising stock reaches a resistance point which it does not surpass for three or more consecutive days, that paint represents the top of the box.
• If, after falling from the upper limit, the stock reaches a downward resistance point which it does not penetrate for three or more consecutive days, that level represents the bottom of the box.
• The shaded danger level is indicated when the price falls 5 percent below the bottom of the box.

HOW HE USE THE DAR-CARD:

• 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.
• If the price of the stock moves above the top of this topmost box the stock becomes a BUY. A 10 percent stop-loss should be set on the first breakout.
• 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.
• There is no reason to HOLD or BUY a stock that is not in its topmost box.

You Can Still Make It In The Market by Nicolas Darvas pdf