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Thanks Jim (and Kate)
--- In realtraders@xxxxxxxxxxxxxxx, "Jim Curry" <jim@xxxx> wrote:
> 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
>
> ----- Original Message -----
> From: magcf2003
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Friday, March 07, 2003 2:47 AM
> Subject: [RT] Re: HURST STUFF
>
>
> Hi Jim
>
> Can you please tell me where can I learn more/download some
material
> about Hurst channels?
>
> Thanks
>
> Claudio
>
>
>
>
> --- In realtraders@xxxxxxxxxxxxxxx, "Jim Curry" <jim@xxxx> 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.
> >
> >
> > ---
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