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Ira,
I totally agree with you.
However, I doubt that many persons can have the discipline to follow
what Hurst proposed as a trading method.
Actually, if someone is interested in "cycles" then John Ehlers work
is more definitive about the concept of cycles and their interactions
and the determination of whether the current market is in a "trend"
or in a "cyclic" phase.
There are two ways to approach Hurst's concept of centered moving
averages -- which allow for significant variations of periods -- to
establish "low risk" trade points. If you are very good at looking
at a graphic (CMA) and anticipating where it will go next, just draw
in your estimate. Or, use the mathematical approach that I use in
my Hurst Channel studies.
Clyde
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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 -----
From: "Ira" <mr.ira@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, June 09, 2003 7:21 PM
Subject: Re: [RT] Cycles
> I feel that Hurst's first book is about the best. You don't need the
> course.
> ----- Original Message -----
> From: "Jason Armstrong" <jarmstrong444@xxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, June 09, 2003 5:03 PM
> Subject: [RT] Cycles
>
>
> > Hi Group,
> >
> > I'm trying to incorporate cycles into my trading.
> What's
> > the best book out there on the subject? Opinions would be greatly
> > appreciated.
> >
> > Regards,
> >
> > Jason.
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
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>
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