The workshop style course he produced in the early 1970s described in detail the practical. JM Hurst was an American aerospace engineer in the 1960s who applied his understanding of mathematics, computing and engineering to market cycles. ![]() Although likely impossible in today’s markets, Hurst claimed a 90% accuracy in actual trading results with his techniques of cyclical analysis. My knowledge of Hurst cycle analysis comes principally from studying Hurst’s original material. 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. In irony, Hurst disappeared shortly thereafter, taking most of what he knew and understood along with him. 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. When he first introduced his concepts in the early 1970’s through his classic work The Profit 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. Hurst is known by most contemporary market technicians as the ‘father’ of modern cyclic analysis.
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