The Darvas Method

[S Chun-Li]

I tested Oddball on the Nasdaq I only had hourly data going back to Sep 4, 2002.

It loses 198 Nas points in that period. I used six hourly intervals starting at 0930 Eastern. The authentic Oddball recommends using six hourly periods starting at 10:00 Eastern.

Ignoring the first signal of each day doesn't help the results.

I could easily have amde a mistake and haven't yet done any thorough checks of the coding I used.

I doubt the short period in my study is representative. It is my beief that the PPT have propped this market and thus Oddball may have been going short with the reasonable expectation of an unmanipulated market going down.

Am going to try it for the S&P as per the original Oddball.

My eSignal intraday data only goes back a couple of months so I can't do a longer test. If anyone has a source of hourly intraday data going back further than the beginning of September please let me know.