James Bondage - I am not a student of Hurst Cycles. Perhaps you could direct me to a site that would provide me with further info. I have to admit that I am sceptical of any system that would be so contrary to the other indicators and systems I am familiar with.
POKERSAM
The late J.M. Hurst is known by most comtemporary market technicians as the 'father' of modern cyclic analysis. When he
first introduced his concepts in the early 1970's through his
classic work "The Magic of Stock Transaction Timing", he
quickly developed a loyal following from market technicians all over the country, eager to learn his techniques and apply the principles. Unfortunately, like W.D. Gann before him, many of Hurst's techniques were too complicated for the average trader, and only a relative few know how to apply the concepts in real-time in today's volatile markets. In irony, Hurst disappeared shortly thereafter, taking most of what he knew and understood along with him.
Hurst's theory of channel and envelope analysis was the cornerstone of his work, with time cycles
and classic trendline analysis used to aid the forecasting techniques.
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