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Lionel:
Yes, you are right. The book I am thinking of contains the phrase, "...the
magic of stock transaction timing", by Prentice-Hall.
That is the only book of his I am familiar with, and I believe I noticed
some advertisement recently indicating it is back in print.
M. R.
----- Original Message -----
From: "Lionel Issen" <lissen@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Saturday, July 15, 2000 9:51 AM
Subject: Re: Project moving average
> didn't Hurst write another book back in the early 70's? I think the title
> was something like "the magic of stock market profits"
> Lionel Issen
> lissen@xxxxxxxxx
> ----- Original Message -----
> From: Mark Thompson <mst1@xxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Friday, July 14, 2000 3:55 PM
> Subject: Re: Project moving average
>
>
> >
> > Are you refering to "Cyclic Analysis: A Dynamic Approach to Technical
> > Analysis " by J. M. Hurst or another Hurst?
> >
> > ----- Original Message -----
> > From: "Michael Robb" <mlrobb@xxxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Friday, July 14, 2000 3:51 PM
> > Subject: Project moving average
> >
> >
> > > This reminds me of the Hurst technique developed in his 1971 book
where,
> > > rather than projecting the moving average, he projected future price.
> > >
> > > The projection was based on the first turn of a lagged MA coupled with
> > > doubling the measurement of price/MA at the turning point.
> > >
> > > Furthermore, if you were collecting time cycles as he suggested, you
> could
> > > experience a cascade of MA projections based on the achievement of the
> > first
> > > objective.
> > >
> > > Your overriding trend of larger cycles could help you estimate whether
> > > objectives might be reached in an early or later part of the cycle.
> > >
> > > Pardo had programmed all this in DOS back in the 1980's but I have
never
> > > seen any talk about this famous Hurst System in the windows
> conversations.
> > >
> > > Paul Rabrich, also of Chicago, wrote fascinating DOS systems based on
> > > combining various numerical studies and using no graphics at all.
> Likewise
> > I
> > > have never heard of any windows software being offered by him.
> > >
> > > I do note that the Hurst book is back in print...at a high price, as
it
> > > should; however I have never seen anything published for sale by Paul
> > > Rabrich.
> > >
> > > Hurst's breakthrough was the half-span MA. (half the time of the
> dominant
> > > time cycle) His next discovery was to lag the MA and make a price
> > projection
> > > at its turning point.
> > >
> > > Early chart services of the Hurst method did incorporate a MA
> > > projection....which was a human estimate based on underlying, and
longer
> > > cycles. It was plotted as a midpoint line in a channel, if I recall
> > > correctly. I do not recollect the dimensions of the channel, or
exactly
> > how
> > > it was conceived; but on the chart it was just an estimate of the
> computer
> > > determined channel width for the past data.
> > >
> > > Very interesting work in cycles, Fourier analysis, half-span MAs and
> price
> > > projection techniques, published in 1971.
> > > ----- Original Message -----
> > > From: "Martin" <clarke2@xxxxxxxxxxxx>
> > > To: <metastock@xxxxxxxxxxxxx>
> > > Sent: Friday, July 14, 2000 12:34 PM
> > > Subject: Crystal Ball Gazing
> > >
> > >
> > > > Just a thought,
> > > >
> > > > Can you make an exploration which looks into the future by using
> > > > ref(c,+1) in the expression?
> > > > or is there another way to project, say a moving average into the
> future
> > > > based on its recent performance, that is within metastock, not
taking
> it
> > > > out into excel. Just trying to stay ahead of the crowd.
> > > >
> > > >
> > >
> >
>
>
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