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.
Math can frame subject or situations but doesn't lend itself well to predictions IMHO. Math can describe a bucket very accurately or maybe the probable size, shape and colour of a bucket but won't tell you what the bucket will do next.
No-one knows for certain where the market is heading. I used to think that there were a group of people who did and if only I could find out who they were and how they did it I would be made. What I do know is that they dont exist and once I realised that my trading changed quite dramatically.
well, math is the key to making profits as far as insurance companies, bookmakers, casino operators etc. are concerned
law of averages/probability blah
as traders, we can never say for certain that a particular trade is gonna go in a certain direction, but if we can develop a strategy or system where the odds are in our favor (like the casino operators) and our winning trades more than compensate our loozers, then we're in the money