Quote from jack hershey:
Thank you so much for correcting my paging error; it was 173 and not 172. My memory is less than perfect.
Darvas preceded WJO'N by a few years. I was trading stocks at that time too.
All three of us have one pagers for doing stocks. Mine is called PVT and has about five rules for using a RDBMS type object chart. The reference chart was tested on a sample of 400,000 and no changes were made. The long half cycle is about 4 to 8 days and the compoumding @ 10% gives parallel results to O'Neill and Darvas. Nothing has changed.
basically the venue for making money trading stocks is the same for most. You keep a current Universe and you time the price break outs with a leading indicator of price. My lead is about 1 hours in the am on the day of the BO. The SEC provedits efficacy over the course of several years. All their citations to me were withdrawn as they learned they were misapplying a software "insider" detection system.
When WJO'N offered his institutional trading service duringthe beta tresting, I was a person he took advice from. It was priced at 44K a year.
Around 19
70 and forward I had the full S&P brokerage services for my classes in the subburbs of Philadelphia (courtesy of the S&P Eastern regional manager). At that time I did monthly market assessment on the last Thursday of each month. I rotated through several brokerages and it was open to any firm. My affiliation with Wharton came later (before and after the Bicentenial).