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Author Message  Shonky Rating: N/A Votes: 0 Monday, April 01, 2002 - 02:40 pm:     kevk - while a chapter of Weinstein takes an hour or two to fully appreciate, Darvas's first book, being largely biographical, takes about 90 minutes flat, apart from the charting addendum. While this sounds critical, the strength of the book( I've only read the one) lies in it's psychological message which in my humble etc. is largely ignored. Darvas,spending most of his time on tour outside the States, relied solely on regular telegrams from his broker, advising on OHLC and Vol for his stocks only. This gave him all the data he needed to sell or increase his positions. His initial research was excellent, but after the purchase he was able to cut himself off from all "market noise" Granted this was in the 70's. He made about half a squillion, then elected to move to Wall Street, became totally immersed in the aforementioned noise(at one point he dealt with SIX separate brokers)and lost about a quarter of a squill. After some heavy self-diagnosis he worked out his error, namely,if it works don't fix it,went back to his old ways and ended up with TWO squillion. The moral is,stay detached and follow your proven system. The term squillion, dear readers, refers to the purchasing power of a million 1970 bucks exempt from inflation. Market noise? Screenwatching, share magazines, the financial sections of any paper, yellow tie wearers on the telly, etc. Why do you think Darryl Guppy lives in Darwin?  spider Member Username: spider Post Number: 125 Registered: 10-2002 Rating: N/A Votes: 0 Saturday, December 28, 2002 - 07:38 pm:     I read this book a couple of months back. Like 'shonky' I too feel that the main message from this book is ' stay detached and follow your proven system'. Darvas's system was pretty simple, he called them boxes, but they are basically support and resistence. It also helps if you are trading in a roaring bull market as he was. He also had a strange idea of money management (he pretty much put all his money into three or four positions!). I'm not too sure how well the bloke would have gone had it not been such a strong market. But at least he had enough sense to get out while he still had his winnings. It's a good read. Spider.

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