[.ca] Profit Magic of Stock Transaction Timing (ISBN 0934380627)

This is a break through book:
Many people still don't understand what J.M. did. They compare it to already beaten channel analysis or Moving average analysis. It isn't what Hurst used, it is how and why he used it is important. Hurst was the first to point the relation of proportionality of time/price swings with the periodicity of indicators as well as synchronicity of time cycles and he laid out mathematical foundation for computerized measurements. This requires some technical/programming skill and what's more important good sense of proportion. But even you are a good programmer, but without good sense of proportion you'll go in circles and don't get it (I met many rocket scientists like that). So first of all you should be good observer of life with some mathematical skill to fully comprehend what J.M. Hurst introduced. His statement of 90% success isn't an exaggeration; it is rather conservative estimation assuming human error. His methods have potential to be 100%. (And even you aren't a programmer, but understand Hurst ideas, you can tweak existing charting package to do the job for you, that would take some time, but possible) What he discovered in stock analysis is comparable to a perpetual motion in physics. After completing his work J.M. mysteriously disappeared. No he isn't dead, rather silenced. This book is already out of print and I wouldn't be surprised if it disappears again. Remember Wall Street doesn't want you to win; they reserve this right for themselves...

Must read for those who want to develop a TA system!:
i'm glad that most who reviewed it here got it! it is a little mathematically beefy. i guess that's why our obtuse friend from jax didn't get it and will, unfortunately, be relegated to a roller coaster life of stock tips, hoping and praying. even if you can't grasp the heavy math of the last chapters, the layman can benefit from the graphical buy/sell/hold signals and easy offset moving average methodology. while this book doesn't provide the holy grail, it gives you "willie wonka's golden ticket" into the wall street candy factory...

It works:
Reading this book gave me a real understanding of the stock market movement. Now, I look at indicators, patterns, etc. with a different pair of eyes. The book explains convicingly that stock market moves in cycles. I am now using it successfully in my trading. With it, I have the ability to estimate market tops and bottoms frequently. My analysis for Nasdaq is posted in http://www.geocities.com/zentex3/ if you want to see evidence of me putting this into practice. Overall, the book is enjoyable read. The mathematics can be difficult but I do not use Fourier Analysis or any advanced maths to put his method into practice. In fact, I actually used very basic maths and put it in my excel spreadsheet and the envelopes are plotted automatically. I just turned the logic he uses for visual analysis into basic rules.

INSIGHTFUL:
So sad for the ignorant who do not understand the scientific correctness of Hurst`s brilliant work. He explains and proves it all. Fascinating!

A classic:
Nicely written, but unfortunately becoming dated. Cycles are almost common knowledge now, with the new wave of time based traders off Fibonacci. Also, MA envelopes and other variations of bands are incredibly popular now. I think his real edge is the length of time of the cycles. Most people will not have the patience to wait months for a setup and then hold on to the trade for several more months. That allows the longer cycles to go the course, while letting the shorter traders fight over the smaller wiggles. The claims of 90% winning trades is also questionable, but when you do catch the relative cycle high or low.. it sure does look brilliant.