Proof That The Nicholas Darvas Box Theory Works
The Nicholas Darvas Box Stock Market Success Story (part 23)
I came to see that when a stock was on a definite upward trend there was a feeling of proportion about its advance. I could represent this in the nicholas darvas box. If it was on its way, rising from, let us say, 50 to 70 but occasionally dropping back, which was all part of the right rhythm.
It might have gone like this:
50 – 52 – 57 – 58 – 60 – 55 – 52 – 56
That meant it was in the 52/60 nicholas darvas box.
After this, on an upward swing, it might have gone:
58 – 61 – 66 – 70 – 66 – 63 – 66
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