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The problem is the extrapolation is rarely going to be where the centered
moving average actually is going to be by the time it catches up. Therefore your
channels are not going to be in the same position. Therefore the beautiful job
Hurst channels look like they do, is only possiblle in retrospect. I am not
saying this to denegrate the work in any way. Only to point out to those that
are seeing them for the first time, that its not as dandy as it looks.
Having said all that, there may be other ways to use them that I don't
know. A million ways to make $, and I am not denegrating the concept, just
throwing in a caution.
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style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ira Tunik
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, April 25, 2001 11:15
PM
Subject: Re: [RT] book info--Hurst
channels
You are making this far more difficult then it really is.
The moving average is simply the midpoint between the to outer lines. It
is easy to figure and extrapolate. You don't even need math to do
it. Ira
Clyde Lee wrote:
One problem with Hurst channels is
that they dependon a
CENTERED MOVING AVERAGE. <FONT
size=-1>You cannot compute such in realtime at the time
youare
examining. The
attached (a weekly chart) shows what you can<FONT
face="Courier New">expect from this
problem. This
inability to be solved correctly in realtime<FONT
face="Courier New">does not invalidate the procedure.
Just makesit necessary
to think ahead. <FONT
size=-1>Clyde - - - - - - - - - - - - - - - - - - - -
- - - - - - - - Clyde Lee
Chairman/CEO (Home of
SwingMachine) SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540 Houston, TX
77063
Fax: (713) 783-1092 Details
at:
www.theswingmachine.com - -
- - - - - - - - - - - - - - - - - - - - - - - - - -
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:bulldog5@xxxxxxxxxxxxxx";
title=bulldog5@xxxxxxxxxxxxxx>B.Tharp
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, April 25, 2001
17:58
Subject: [RT] book info Is
this the book ? <A
href="http://www.bestwebbuys.com/books/compare/isbn/0934380627";>http://www.bestwebbuys.com/books/compare/isbn/0934380627
----- Original Message ----- From: "Dan" <<A
href="mailto:dcash@xxxxxxxxxxxx";>dcash@xxxxxxxxxxxx> To: <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 25, 2001 5:57 PM Subject: Re: [RT] COMP:
Hurst envelopes
> Thank you! > > Stan Book wrote: > >
> THE PROFIT MAGIC OF STOCK TRANSACTION TIMING, J. M. Hurst,
Prentice-Hall, > > 1970. > > > >
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