The General Market Cycle Influences Almost Every Stock

“I found that the relationship between the Average and my individual stocks was confined within certain principles, but they could not be measured exactly. From then on I made up my mind to keep watching the Dow Jones Industrial Average, but only in order to determine whether I was in a strong or a weak market. This I did because I realized that a general market cycle influences almost every stock. The main cycles like a bear or bull market usual creep into the majority of them.”

-Nicolas Darvas, Nicolas . How I made 2,000,000 in the stock Market. Larchmont, NY: American Research Council, 1960.