Cyclic Analysis: A Dynamic Approach to Technical Analysis
$17.20
| Author(s) | |
|---|---|
| Format |
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| Pages |
45 |
| Published Date |
1999 |
The course, Cyclic Analysis: A Dynamic Approach to Technical Analysis itself is quite lengthy and will prove exceedingly valuable to those willing to devote the necessary time and effort to studying and mastering the principles of trading it teaches.
Introduction:
The advent of accurate and continuous equity price histories made possible the study of equity price movement as a function of time, independent of all other variables. Early studies of such data produced the conclusion that equity prices vary in a random, hence unpredictable, way. This conclusion has been replaced in the last decade as evidence mounts that equity price variation is ordered and quasi-predictable. The relationship between past and future prices is found to be complex and nonlinear. Current simplified models represent price movement as consisting of a linear combination of wave functions with specific and consistent interrelationships. This viewpoint has led to the development of the Wave Theory of Price Action.
From this Wave Theory, a body of practical application methods called Cyclic Analysis has been evolved which permits a fully integrated and wholly technical approach to the problem of trading and investing successfully in the stock and commodity markets. This approach features the following unique capabilities: prediction of price-reversal timing, prediction of the price at an anticipated reversal, estimation of the extent of the price move expected to follow a reversal, and evaluation of a transaction before entry in terms of risk and profit potential.
The Wave Theory of Price Action refutes the random-walk theory while adequately explaining why earlier studies resulted in the random-walk hypothesis. In addition, a theoretical basis for technical analysis of stock price movement is established, explaining both the successes and the failures of classical charting methods. Interactive relationships exist between fundamental factors and wave forcing func-tions such that the nature of both is preserved. A body of applications techniques known as Cyclic Analysis has evolved from Wave Theory. These techniques permit, for the first time, an integrated, self-contained, and completely technical approach to trading and investing in the stock and com-modity markets.
Contents:
- WAVE FUNCTIONS AND RELATIONSHIPS IN PRICE MOVEMENT
- THE INTERACTION BETWEEN WAVES AND FUNDAMENTAL EVENTS
- THE QUANTIFICATION OF TRENDS USING WAVE CONCEPTS
- PREDICTING PRICE REVERSAL TIMING
- PREDICTING THE EXTENT OF PRICE MOVES
- THE CASCADE PRINCIPLE
- RISK-LIMIT LOGIC
- A COMPLETE TRADING SYSTEM
Cyclic Analysis: A Dynamic Approach to Technical Analysis By J. M. Hurst PDF
4 reviews for Cyclic Analysis: A Dynamic Approach to Technical Analysis
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Maxine Kent (verified owner) –
This is a pamphlet that is basically a primer on J.M. Hurst’s Cyclic Analysis Trading Program that he did back in the ’70’s. Whether or not Cyclic Analysis even works, you decide, but I sure would love to find somebody who can make the returns he promised in his book “Profit Magic of Stock Transaction Timing.” If you want to learn about Cyclic Analysis, move on, this won’t help you. I’d imagine the person who actually makes the returns Hurst suggested would be the richest person in the U.S. in no time at all. Last time I checked, Bill Gates made his money on Microsoft, not on the theory that stocks will make bottoms every 3 months or every 14 days.
James Byrd (verified owner) –
Cyclic Analysis , a branch of “Technical Analysis” it is one of the best and more accurately described methodology about the world financial market how you can be reacting(trading) the securities or predicting about a instrument. After reading J.M. Hurst’s “The Profit Magic of Stock Transaction Timing”, I saved myself from history of illusion about the field of technical analysis as an ART but rather a scientific phenomeno
Julianna Garcia (verified owner) –
I found this book to be excellent and very well written. It is essentially an overview of J. M. Hurst’s work on cycle analysis. Hurst’s main text is much more comprehensive but this overview is very worth while. Hurst’s work was basically ignored as he did really provide the math, just outlined the ideas. However, his work is the cornerstone of technical analysis, but does require serious effort on the part of the reader.
Mekhi Dean (verified owner) –
Good book. Accurately described.