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Ira:
First fully agree. But with respect to your
attachments, for some reason I open them and see nothing when either the
open or save option is used, although all other gifs come through fine.
Any suggestions? Might it be an OE setting on my
end?
Bill
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ira Tunik
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, April 26, 2001 10:35
AM
Subject: Re: [RT] book info--Hurst
channels
Like anything else in this business, this is not a stand alone
thing. You should be using offset moving averages and a tangential
extension. That is where the problem is. Everyone's tangent is
different. I use Hurst's cycles as a confirmation, rather then as a
trading system. Normally in a down market the high will be reached in
the first half of the cycle. and in an up market the high will be reached in
the last half of the cycle. This works the same for indexes, futures and
stocks. There are many ways to use any system, Gann, Eliot, astrology,
moon phases or even a reading of tea leaves and the casting of stones.
Trading is an individual endeavor and what works for one may not work for
another. If you are consistently profitable then it is combination
of your trading acumen and the system you use. Neither stands
alone. So good trading. Ira.
Joe Duffy wrote:
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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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ira Tunik
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto: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
face="Courier New">You cannot compute such in realtime at
the time youare examining. <FONT
size=-1>The attached (a weekly chart) shows what you canexpect from this
problem. This
inability to be solved correctly in realtimedoes not invalidate the
procedure. Just makesit necessary to think ahead.
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
- - - - - - - - - - - - - - - - - - - - - - - - - - - -
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=bulldog5@xxxxxxxxxxxxxx
href="mailto:bulldog5@xxxxxxxxxxxxxx";>B.Tharp
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto: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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