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Rating: 
Summary: WOW
Review: Great book about the stock market and especially technical analysis. The book was written in 1968. With the advent of computers I'd be interested to see how his theories hold up now. The book explains his theories of what makes stocks move. He says stocks seem to move in an irratic and random fashion to the untrained. Yet, he believes 70%+ of stock movement can be predicted using time-cycle analysis. The book writes of trend lines, channels, head&shoulders, triangles, double tops/bottoms, and he explains what causes each. This book is a must read for anyone interested in technical analyis! If anyone knows anything about the author please let me know. I'm interested in finding out what happened to him and his career in market research.
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Summary: Must read for those who want to develop a TA system!
Review: i'm glad that most who reviewed it here got it! it is a little mathematically beefy. 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...
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Summary: Must read for those who want to develop a TA system!
Review: 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...
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Summary: J.M. Hurst Revisited
Review: J.M. Hurst was the "father" of cycles in the market. This book, written in the late '60's by this mathematician, was based on research he did using a Fourier Transfomations/Spectral Analysis model. Putting it bluntly, it is not an easy read. Hurst is a terrific writer - the book is very well done - but the material is involved and complicated. However, for anyone interest in technical trading, I think this book is a must!After finishing the book, he then wrote a "course" which he gave for a year... then dropped out of sight. I bought this "course", all 1200 pages of it +++; Now this is HARD to get through. It is far more detailed than the book and I also feel essential to learning cyclic trading. If someone asks "if this is so easy, why isn't everyone doing it?", this course answers that emphatically! It's a tough nut to crack. I would add that having digested his book first was of much help in doing the course. Eric Stephan
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Summary: It works
Review: 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...
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Summary: It works
Review: 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.
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Summary: INSIGHTFUL
Review: So sad for the ignorant who do not understand the scientific correctness of Hurst`s brilliant work. He explains and proves it all. Fascinating!
Rating: 
Summary: A classic
Review: This is a very well written book that demonstrates the existence of underlying cycles in stock / index price movements. By knowing where the price is viz. which cycle (e.g., rising, topping, falling), a person can make better decisions re buy or sell leading to above average returns.
The book shows the reader how to identify key cycles and how to enter and exit trades. Since it was written pre-PCs, the methodology is illustrated very simply (thankfully). A good understanding of PCs and analytical techniques can only improve upon the work, but is not essential.
The book also shows how the summation of underlying cycles and trends create well-known technical analysis patterns, e.g., head and shoulders, triangles, elliot, etc.
An application of this methodology can be found [on the internet](look under Hurst). This is not intended to be an advertisment for the site (though I am a fan), but rather to help potential buyers of the book get several visual examples of the Hurst theory at work.
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Summary: Tremendous Work, Eye-Opening
Review: This is a very well written book that demonstrates the existence of underlying cycles in stock / index price movements. By knowing where the price is viz. which cycle (e.g., rising, topping, falling), a person can make better decisions re buy or sell leading to above average returns.
The book shows the reader how to identify key cycles and how to enter and exit trades. Since it was written pre-PCs, the methodology is illustrated very simply (thankfully). A good understanding of PCs and analytical techniques can only improve upon the work, but is not essential.
The book also shows how the summation of underlying cycles and trends create well-known technical analysis patterns, e.g., head and shoulders, triangles, elliot, etc.
An application of this methodology can be found [on the internet](look under Hurst). This is not intended to be an advertisment for the site (though I am a fan), but rather to help potential buyers of the book get several visual examples of the Hurst theory at work.
Rating:
Summary: Overwhelming!
Review: When I first read this book, almost 8 years ago, I was overwhelmed. The amount of information was not only volumounous but meaty. Reading it made you feel like you were being let into some kind of secret that only the best trader's understood. This book is a classic, but not for the fainthearted. Also as with all books on swing trading and cycles as the market progresses the cycles change. I would love to see a complete revist of Hurst's strategies for today's market. I believe many of the skeptical would be pleasantly surprised.
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