J.M. Hurst is known by many contemporary market technicians as the 'father' of modern cyclic analysis. When he first introduced his concepts in the early 1970's through his classic work"The Profit Magic of Stock Transaction Timing", he quickly developed a loyal following from market technicians all over the country, eager to learn his techniques and apply the principles. For a few short years, he even taught a course on cyclic analysis.
In Jim Curry's nightly Market Turns advisory he has resurrected many of Hurst's methods and makes use of what is known and works - and includes the analysis as it might relate to
Hurst's theory of channel and envelope analysis was the cornerstone of his work, with time cycles and classic trendline analysis used to aid the forecasting techniques. Although likely impossible to do for an
extended period of time, a 13-week real-time experiment from the Hurst group produced a 90% accuracy in buying and selling stocks, using his proprietary techniques of cyclical analysis.
Larry's Elliott-Wave, Gann and Spiral techniques. The daily outlooks are sent out by email each evening in PDF format, and can also be downloaded on our member's site. Click here for subscription information.
Unfortunately, like W.D. Gann before him, most of Hurst's techniques were too complicated for the average trader, and only a relative few know how to apply the concepts in real-time in today's markets. In irony, Hurst disappeared shortly thereafter, taking most of what he knew and understood along with him. Sadly, Mr. Hurst passed away in 2005.