In the late 1950s, Nicolas Darvas was one half of the highest paid dance team in show business. He was in the middle of a world tour, dancing before sell-out crowds. At the very same time, he was on his way to becoming a long forgotten Wall Street legend, buying and selling stocks in his spare time researching only in Barron's weekly newspaper and using telegrams to communicate with his broker. Darvas turned a $36,000 investment into more than $2.25 million in a three-year period. There were 4 Darvas boxes when using settings 5/0/hi-lo. The first 2 boxes were TNA sells (see top chart and dashed orange lines in middle chart). They were poorly timed and in close proximity to Gann swing chart buy signals (1st two solid yellow lines in middle chart). The subsequent two Darvas Buy Signals (Dashed blue lines in middle chart) worked out well and correlated both with the Gann Swing Chart and Kagi (Green Arrows). Kagi buys and Kagi sells (red arrows) correlated well with the Swing charts. Kagi & Gann took turns signaling earlier buys & sells. MACD buy signals were late when compared with Kagi (green arrows).
No comments:
Post a Comment