|
PureBytes Links
Trading Reference Links
|
as far as I am concerned, the 'Bible' of cyclical
analysis is J.M. Hurst's 'The Profit Magic of Stock Transaction
Timing'
anything else is a waste of time
thanks
jim
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
magcf2003
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Friday, March 07, 2003 2:47
AM
Subject: [RT] Re: HURST STUFF
Hi JimCan you please tell me where can I learn
more/download some material about Hurst
channels?ThanksClaudio--- In <A
href="">realtraders@xxxxxxxxxxxxxxx,
"Jim Curry" <jim@x...> wrote:> The SPX
has - for now - failed to break last week's swing low of 817. The 15 day
cycle is now 14 trading days along and could bottom any time. Ideally,
what we would have liked to have seen (though it could still be out there
over the next day or two) is the 15 day cycle taking us below 817 - or
even below 806 on this move. Chart below shows the 15 day cycle, also the
price channel the component is in.> > The reason that the 15
day cycle is having problems taking this thing on down is that the 30 day
cycle is in the topping phase. So here you have the two shortest-term
daily cycles in direct opposition. The 15 day cycle is running out of time
to take this thing to new swing lows - if it is not seen in the next
session or three then the cycle will give us another sharp/quick pop
higher. Since the cycle can very from 11-20 days there is no way to know
for certain what will happen over the few sessions, even though the
bigger picture remains very bearish against the 853 region - though
you can see from the chart on page 1 that the top of the channel that
encloses the 15 day cycle is now near 846 SPX CASH. We would not really
even want to see this area closed above if we are going to continue on
down. The 'cycle' itself is shown on the bottom of the chart - and again
price will not turn on a dime just because the cycle itself is nearing a
low; if the cycle extends the low then we will bottom from lower levels.
The 80/20 rule says that 80% of a cycle's price drop will come in the last
20% of it's phase. For now the best we can say is that below 846-853 SPX
CASH and we have to look for lower prices over the near-term. >
> Otherwise, bigger picture will see all of this choppiness soon
come to an end. Once the 15 day bottoms and then turns higher for a
few days then the 30 day will be starting lower - and the down
pressure from the larger 60 day cycle will also soon start to take
over - and should take this thing on down to new swing lows below 806.
For now look for a bit more frustration until all the cycles get in sync
in the same direction.> > > ---> Outgoing mail is
certified Virus Free.> Checked by AVG anti-virus system (<A
href="">http://www.grisoft.com).> Version:
6.0.456 / Virus Database: 256 - Release Date: 2/18/2003To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|