I went to the trouble some years ago of actually programming Mr
Hursts theories to see if they worked in practical trading terms.
Apart from an interesting exercise in sine wave mathematics
and a great deal of fun playing with different cycle waves it has
sat unused. Like all systems youwill eventually get a signal that
coincides with a turn in the market. But there is considerable lag
so it is only of academic interest unless you are an institutional
trader and you are investing other peoples money on a buy and
Just can't bring myself round to the idea of scrapping it.
You said it yourself, it has sat unused. The question is, did you make any profit from the sine waves maths, if so, well good, keep going. Who knows when the next cycle is to be. Cheers bonsai, PeeDee.
"The Profit Magic of Stock Transaction Timing" by J.M Hurst.
The author reports on a price forecasting technique that predicts price turns with 90% accuracy ... produces an average profit of 10% per month....and proves your stockmarket fortune can be built like clockwork.
I picked it up in a shopping mall on the way to Newark airport.
Thought it might be a good laugh to read on the plane.
And it was.
Cost all of $7.95 but it was some years ago.
However in fairness to the guy, there were one or two good ideas
about moving averages as well.