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JLS
"How did we automate the process? By projecting the envelope into the future through a careful application of regression analysis, we were able to produce a completed envelope at the right edge.
I have my doubts about this "careful application of regression analysis,"
WHY ?
Future is unknown. IMHO
The Q&A Board might be a better place to clarify all this I have never fully understood these rules.
This might help this discussion, maybe #msg-41642323
See the replies.
LOL . . . good one JLS . . .
I have had a bunch of mine deleted as well.
It depends on how blatant the advertisement is.
I have made a large portion of my Blog FREE now ...
so it helps everyone .. not just subscribers.
BUT, it does seem odd that they would delete Ads for third-parties ...
especially when their intention is to help others
and not necessarily profit the poster.
Unless TREND1 runs the Hurst site .. LOL
Good Luck All !!!
JLS
I sent you an email about what IHUB deleted.
TREND1,
you wrote "Warning IHUB may delete your post.(Add for HURST)".
Question: why doesn't iHub delete posts made by people (usually iHub moderators) who reference (advertise) paid services on their own sites? Examples would be blasher and pokersam.
Regarding Hurst and that PDF ... excerpt from PDF ...
"However, since the averages are shifted to the left, there is no indicator value on the right edge of the chart. You have to imagine a projection of the bands to the right, as Hurst did in his book using hand-drawn lines.
How did we automate the process? By projecting the envelope into the future through a careful application of regression analysis, we were able to produce a completed envelope at the right edge.
The best place to enter a new long position is when a Major Cycle Low lines up with a Minor Cycle Low. To time the entry, we use a Valid Trend Line across highs. A Valid Trend Line break generates the actual signal. These trend lines have been specially designed to generate the best possible entries.
All of this work led to the creation of what we believe to be the first Hurst System implementation available to traders. Hurst Cycle Trader does not generate a lot of signals, but those it DOES generate tend to be very accurate."
SPX_DAILY_HURST1_SYSTEM
Just updating ....notice the miss...
Near high ...when estimate was for Low.
.
SPX_30_HURST1_SYSTEM with VTL BREAK
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Qone0
Warning IHUB may delete your post.(Add for HURST)
IHUB has deleted a few of my HURST posts recently.
"The Profit Magic of Stock Transaction Timing" by J.M. Hurst"-- I paid 19.99 on Amazon.com ... http://www.amazon.com/Profit-Magic-Stock-Transaction-Timing/dp/0934380627
QoneO
You wrote "Charts need a valid trend line as the valid trend line break generates the actual trade signal according to the link."
This above is true.
The problem I am having is the "delay" in drawing the envelopes.
This chart shows the three cycles touching the upper envelopes
clearing now, but it is not like that in real time.
see 9/17/2009 on chart below
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41755318
PS: Thanks for the info on the program.
I might buy it just to see how they handle the "delay"
Trend, This link is a ad for hurst cycle software. It has a quick overview of the reasons for the 3 different ENV on your charts. How the different ENV's coming together signals the cycles aligning/nesting.
I thought it might help people following along without the book.
http://www.corporatedoctor.com.au/pages/omnitrader/modules/Hurst.pdf
P.S.
Charts need a valid trend line as the valid trend line break generates the actual trade signal according to the link.
Thanks for your time doing this study.
REAL TIME TEST for SPX_30
Calling for very short term drop.
Let's see what happens.
Will discuss results here later....
.
See note on chart
"For best results, investors should combine cycle theory with chart behavior and comprehensive study of rigorous analyses of technicals, fundamentals, market psychology and market liquidity."
120 year supercycle http://www.commodityonline.com/news/Gold-and-Silver-in-Grand-Supercycle-21297-3-1.html
3 cycles touch on the SPX_30 chart.
Does that mean it is an important TOP ?
Time will tell....
Hey! Maybe some one will buy the book and I'll be able to discuss it .......
*****CH_6_PAGES_112_113
CH_6 Shows 1/2 cycles and what you can do with them.
(1)Like check for true Dominant Channel.
(2)And the most interesting part is to make price projections
into a future date. WOW
(3)My first attempt to project SPX was a total failure do to
the current straight up rally.(g)
(4) Over all the book was well the the $19.99 price on Amazon.com
WHY ?
Because it gave me a new view of price action.
IMHO.
.
On the daily chart there has not been a sell signal because
we have NOT crossed a valid up trend line to the down side on
a closing basis.
So we are in a SELL AREA of the Daily envelope, but so far no
"EDGE BAND" sell page 79
PS There is also a "MID-BAND" sell on page 82, which I will
discuss at a later date.....
Note to the board
(1)Using Esignal I will post charts with a date (you will not see date).
(2) I may update these charts during that day.
(3) At the beginning of each day, I will change the date of the chart (You will not see this).
This will leave a trail of charts until I run out of Esignal memory.
JLS Here is example of REV
See REV 1 on this SPX_30_915 chart
SPX_DAILY HURST lay out to the next weekly low
Let's see how this works out.
Having trouble with updating via StockChart so:
(1)Will delete this HURST SPX 30 minute, daily, weekly , monthly chart in a few days.
(2) Will create a series of charts via Esignal on the HURST
Board only.
(3) These charts will show if the HURST envelopes really works
or not.
(4) So HURST's chart only on the HURST BOARD.....
SPX_DAILY_HURST_PROJECTION
HURST says you have to do these projections(Estimates of future cycles)
WHY?
So you will know when things are going wrong.
.
From SPX DAILY (2nd Chart)
It appears the Up TREND Line is broken to the Down side
(in the red zone where 3 cycles are )
The blue envelope(Cycle) appears ready to turn down.
Please note HURST says trend lines are only valid in these red zones.
page 85 has very nice summary of these 16 items.
HURST1 study(DAILY CHART) shows this peak (RED BOX) is not the final peak. The final peak (RED CIRCLE) is due about OCT 15.
On the other hand the current Daily cycle is 90 days from the Mar 2008 Low and Today is 47 days (2 days past the mid of the cycle) so it may be the TOP.
That's HURST for you.(g)
9/9/09 Started adding H's and L's to 30 minute chart.
Trying to under stand meaning.
That is ...do they tell me about the trend going into the future.
Right now it is UP UP with higher H's
For my info 0/8/09
I just noticed that both the daily and weekly are due for a Low in 9 weeks.
Changed Daily SPX chart to show Low in in place = L12
Also changed Weekly SPX chart to show cycles of about = L21
Dude, What ever is easiest for you. I can click multiple times.
Thank you for your work. I find in very valuable.
rr
*****Quick Survey please !
(1) Put all three SPX_30 minutes, SPX_DAILY and SPX_WEEKLY into one sticky ?
(2) Keep current set up of 3 stickys ?
For my info
Now I "understand" HURST1 and Hurst2 .....
on to studying pages 68 to 113 again.....
*****Have changed SPX_30, SPX_DAILY,SPX_WEEKLY Today 9/1/09
They are now looking very interesting.
You can almost get sense of direction. IMHO
I don't know - but your chart studies are showing that, as usual, you are a quick study of any system.
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The Profit Magic of Stock Transaction Timing by Hurst has arrived.
I will try to study his method
"The Profit Magic of Stock Transaction Timing" by J.M. Hurst"-- I paid 19.99 on Amazon.com ... http://www.amazon.com/Profit-Magic-Stock-Transaction-Timing/dp/0934380627
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