Proof That The Nicholas Darvas Box Theory Works
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. This meant it was well inside the 63/70 nicholas darvas box. I also considered that it was still edging towards higher spheres. For weeks I watched the behavior of this stock and saw it form its pyramiding nicholas darvas boxes. When the upper frame of its last nicholas darvas box was 59 & three quarters, I felt I had assessed it correctly. I told the broker to telephone me when it reached 61, which I considered the door of its new nicholas darvas box. He did, but I was not in my hotel room when the call came. It took him two hours to reach me. By the time he did, the stock was quoted at 63. I was disappointed. I felt I had been deprived of a great opportunity.
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