Hello and welcome to my blog.
This is not a recommendation to buy or sell any of the stocks discussed on this blog. Due diligence is your responsibility. If you need professional investment advice then find a professional.
Ch..ch..ch..Changes. Once again a change. The table below is a revised version of how I will present the spreadsheet information. The intention is to eliminate the early (false) signals from the system. The columns labelled ALL CLEAR are the ones to focus on. The columns labelled FULL LIST are a reference to the complete list of signalled stocks. This is not the list to focus on but there may be something of interest there. Note that column 1 has no entries in the ALL CLEAR section, but 3 entries in the FULL LIST section.
The reason for this revision is that too many early (false) signals were being generated. This new method is designed to pick out only the stocks that have cleared all of the DARVAS BOX bottoms, not just the individual DARVAS BOX bottoms.
Please remember that even though a stock is on the ALL CLEAR list it does not mean there is an automatic entry. I still go through the list and try and figure out what looks good. These I will highlight if I decide the stock is worth further consideration.
If an entry is made the DARVAS BOX bottom with the closest proximity is used as a stop loss. If a trend becomes established then other stop criteria are used. I will expand on stop points in a later post.
Thank you for your time.
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