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Re: TREND1 post# 89

Wednesday, 09/23/2009 1:27:34 PM

Wednesday, September 23, 2009 1:27:34 PM

Post# of 148
Yes, as I recall, those two frequenty debated what they considered to be the "true phasing" which was essentially an argument about whether a bottom was a "cycle straddle" or a beginning/end point -- my terminology may be off here...

basically, the way I understand Hurst is that you find something that is a definite market bottom over the long haul, then apply these cycles of time backwards -- to validate the bottom -- then project these same intervals out, to predict the future (hopefully)...

There is a lot of debate about what a true bottom date is back in the past, becuase it can have a big impact on future thinking, dates, intervals, etc.

I am no expert, just a passive observer.

There are people that track moon phases, planets, other stuff... everybody's looking for an edge and a reliable predictor.

All I know is that there's no perfect predictor in stock trading, but it's always a learning experience to figure out what these various systems are about and at least be aware of them in trading.

But I have not done this as long as you have, Larry, I know you have seen and backtested about every system that's aver come over the dam... you have a keen analytical mind, even thought I must personally admit I don't understand everything you post. But I do try.

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