All a company report and balance sheet can tell you is the past and the present. They cannot tell future. Nicolas Darvas More Quotes by Nicolas Darvas More Quotes From Nicolas Darvas ...first check whether the market as a whole is rising or falling. In other words, are you in a bull market or bear market? If the latter, stay out. The odds are against you. Nicolas Darvas rising odds fall I believe in analysis and not forecasting. Nicolas Darvas forecasting analysis believe