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So
true! BUT...
<SPAN
class=200003314-26042001>
<SPAN
class=200003314-26042001>Because moving averages attenuate shorter term cycles,
moving average lines accentuate the tuned cycle (if it exists in the data). When
the cycle is fairly regular, the moving average can be extended with reasonable
confidence.
<SPAN
class=200003314-26042001>
Price
tends to oscillate around its moving average. Hurst channels, extended a half
cycle into the future, define the envelope within which price is most
likely to oscillate.
<SPAN
class=200003314-26042001>
<SPAN
class=200003314-26042001>Projections are seldom perfect, especially at turns of
the channel. But,it sure beats flying blind.
<SPAN
class=200003314-26042001>
Hurst
made the point that the best trades, both in terms of reliability and rate of
return, occur within the relatively straight, trending sections of
channels.
<SPAN
class=200003314-26042001>
<SPAN
class=200003314-26042001>
<FONT face="Times New Roman"
size=2>-----Original Message-----From: Joe Duffy
[mailto:joeduffy@xxxxxxxxx]Sent: Thursday, April 26, 2001 4:48
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] book
info--Hurst channels
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.
<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:
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
face="Courier New">Clyde - - - - - - - -
- - - - - - - - - - - - - - - - - - - - Clyde Lee
Chairman/CEO (Home
of SwingMachine) SYTECH
Corporation email:
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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