One of the biggest advantages of Hurst--and it's one of the easiest ideas to apply--is the ability to plan for major cycle moves. For example, based on the $BPSPX, you might expect a substantial and lasting rally to follow the upcoming low. Based on Hurst, I expect the rally to fizzle after a few weeks and roll over into the 80-week low. I like having major clues concerning what is coming.
Along with reading the book, I highly recommend Airedale's recent posts responding to my questions concerning FLDs.
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