Hurst Cycles and General TA Thoughts.
I'd like some recommendations on books about cycle analysis. The Elliott wave theory focuses on structure, so a time analysis too would maek a complete set of tools.
I've noticed there are many instances of false Buy/Sell signals using TA charts such as stochastics and MACD. These are fixed time tools. E-waves, however, are primarily a structural tool. The time relation between waves 1 and 3 may have a definite ratio, but many times it is not 1 to 1. That is why time based TA tools give off so many false signals.
Hurst Cycles from what I've seen uses several different time periods and superimposes them for a composite expectations of highs and lows. Some posters have been frustrated by such comments as "cycles are great until they don't work.". I think they do work. The present model may not be complete. The present model may work well when using the middle cycle of a series of cycles of the same period. It may be like Fourier Series Analysis in engineering where the approximation is highly accurate in the middle of the timeframe, but wildly off at the ends.
