You Can Still Make It In The Market
You Can Still Make It In The Market is a book that features the breakthrough system for charting the stock market – The DAR-CARD. An easy-to-use, all-important ingredient that existing systems lack, the DAR-CARD converts data into profits, eliminates confusing fluctuations and indicates the trend and the buy and sell points. DAR-CARD is a compact, visual presentation of author Nicolas Darvas’s system, which contains its own built-in instructions and all the information necessary to make a decision on whether to buy, sell or hold. You Can Still Make It In The Market also provides five ways to create favorable odds, how to detect a must sale, how long to hold a stock, what to look for before taking action, and the pitfalls of switching.
THE DAR-CARD
Dar-Card Construction Rules
1. When the price of a rapidly rising stock reaches a resistance point which it does not surpass for 3 or more consecutive days, that point represents the top of the box.
2. 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 tha bottom of the box.
3. The shaded danger level is indicated when the price falls 5% below the bottom of the box.
Dar-Card Usage Rules
1. 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.
2. 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 1st breakout.
3. Having formed a new higher box, if the price falls below the bottom into the shaded area of this box the stock is SELL.
4. There is no reason to HOLD or BUY a stock that is not in its topmost box.