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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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