Cyclic Analysis: A Dynamic Approach to Technical Analysis

Early studies of such data produced the conclusion that equity prices vary in a random, hence unpredictable, way.

This conclusion has been replaced in the last decade as evidence mounts that equity price variation is ordered and quasi-predictable.

The relationship between past and future prices is found to be complex and nonlinear. Current simplified models represent price movement as consisting of a linear combination of wave functions with specific and consistent interrelationships. This viewpoint has led to the development of the Wave Theory of Price Action.

From this Wave Theory, a body of practical application methods called Cyclic Analysis has been evolved which permits a fully integrated and wholly technical approach to the problem of trading and investing successfully in the stock and commodity markets.

This approach features the following unique capabilities: prediction of price-reversal timing, prediction of the price at an anticipated reversal, estimation of the extent of the price move expected to follow a reversal, and evaluation of a transaction before entry in terms of risk and profit potential.

Cyclic Analysis methodology has been field tested since 1971, and computerized analysis aids are available.

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All Customer Reviews
Average Customer Review:
18 of 22 people found the following review helpful:

Not telling you how to trade, 2000-08-31
This is a pamphlet that is basically a primer on J.M. Hurst's Cyclic Analysis Trading Program that he did back in the '70's. Whether or not Cyclic Analysis even works, you decide, but I sure would love to find somebody who can make the returns he promised in his book "Profit Magic of Stock Transaction Timing." If you want to learn about Cyclic Analysis, move on, this won't help you. I'd imagine the person who actually makes the returns Hurst suggested would be the richest person in the U.S. in no time at all. Last time I checked, Bill Gates made his money on Microsoft, not on the theory that stocks will make bottoms every 3 months or every 14 days.


25 of 26 people found the following review helpful:

Teaser for the whole course, 2000-01-24
This book is a brief introduction to cycles and how they are used in trading. But it does not have info on how cycle lengths are determined; it appears the author uses a computer program. It might stimulate more interest in cycles, but by itself, won't help your trading, in my opinion.

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