aire, good that DT did not get you too irritated. Many of us read your posts with great interest. Your respect for Hurst is not only understandable, but also shared by many. His book is a masterpiece in both the quality of the logical flow and in the beauty of the language. Interestingly, I think he considered in extenso the complexity of the decision making process, which obviously preocupies the fertile mind of DT. Two examples: "being sensitive to my case morphing into the opposite or some surprising variation (which happens often)" says DT. Yes...that time consuming mix of Marxist dilaectical misreading of Hegel applied to price action and to the tone of Maria Bartiromo's voice... Says Hurst: "Remember that stocks fluctuate-cyclically. If you make a meal out of a sandwich in you screening process, they will fluctuate without you before you can get your analysis completed."
It appers that DT is developing not a method, but "a Style",
which he is ..."tempted to call "jazz trading"--meaning it is improvised in the moment and constantly re-improvised." Now, this deserves serious consideration. Says Hurst: "In fact, the ability to make good decisions in the absence of sufficient information is what distiguishes the successful executive (or investor) from the unsuccesful one. So decisions are often based on other that a straight forward line of reasoning." To be noticed, JMH does not think that they are some magical hocus-pocus. I am sure that DT is aware that John von Neuman asked a famous question: can one build an automaton which reliably computes unreliable data? (in Theory of Automata and later in letter to Nature). Too bad that he is dead and did not have the fortune to read how DT has done it. But anyway, many try, to give a scientific flavour to trading. Again, Hurst figured out that Fourier's method used to represent discontinuous functions by trigonometric series was perfect for his multiple cycle work. Some friend of mine even went further: he showed me some applied Fresnel's equations derivatives that he used to investiagate the "buffering" of time cycles. LOL. So let's be kind to each other and when one of us sounds too originl, let's only ask: "does it verk?"
fox
AI
