Trend1,
why do you write "as Hurst would expect"?
Maybe I'm too picky, but Hurst, through its use of offset moving averages, doesn't "expect" anything -- Hurst reacts many intervals after the fact.
Furthermore, in the chart you posted, the cycles have near zero autocorrelation.
I'll make a prediction. Actually, this is a prediction I made to myself many days ago: you will eventually throw Hurst out the chicken-bone-and-watermelon-rind window.
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