J.M. Hurst Cycles Course - COMPLETE w/ bonus books by J.M. Hurst

J.M. Hurst Cycles Course - COMPLETE w/ bonus books
by J.M. Hurst

Book Description: Traders Press, Greenville, South Carolina, 1973. Hardcover. 4to - over 9¾ - 12" tall. Ring-Bound, Brown with gilt titles to covers and spines. Includes 11 cassette tapes and two softbound bonus titles "The Profit Magic of Stock Transaction Timing" (2000) and "Cyclic Analysis" (2000).

Course Condition: Brand New.

Content Summary: (3) Large Binders containing the primary course material in 10 lessons, (1) Matching case containing 11 cassette tapes, (1) Book: "The Profit Magic of Stock Transaction Timing," (1) Book: "Cyclic Analysis" -- Detailed Contents: Course Contents: Lesson 1: How Price Action Works, 2. From Cyclic Concepts to Trading Decisions, 3. Setting up the Cyclic Model, 4. Setting up a Transaction, 5. How to Deal with Tops and Short Selling, 6. Cyclic Analysis During a Transaction, 7. Terminating a Transaction, 8. How to Shape Strategy and Plan Capabilities, 9. Refining Your Capabilities, 10. A Reference Summary of Cyclic Analysis --

Below is a partial review of the course by Edward Dobson, the President of the publisher Traders Press (the publisher of the course) Those knowledgeable about the history and background of the study of cyclical price behavior in the financial markets know full well the tremendous value of the pioneering research done in this area by the legendary J.M. Hurst in the 1970s. His seminal work, The Profit Magic of Stock Transaction Timing, is a classic in this area and is held in the highest esteem by cycles enthusiasts. Few, however, are aware of the fact that Hurst, in addition to his classic book, also authored a full-fledged, fully comprehensive course, which teaches the student everything he or she needs to know to select and analyze data, produce trade signals, as well as enter, monitor and exit trades, based on the principles uncovered by Hurst's incisive research.

The Hurst Cycles Course exposes the student, whether veteran trader or novice, to a method of trading based on the cyclic waves that underpin market price action. The scope of the training encompasses the entire gamut of activities required to make any market trade in virtually any time frame. The fact that price charts exhibit visible price cycles only a relatively small percentage of the time does not militate against this approach. In fact, it is precisely this reason that gives Hurst's methodology its greatest value. Even when price is in a hard trend and does not exhibit an obvious cyclic pattern, it is underlain by a host of waves of various lengths and amplitudes. The author shows how these can be winnowed out of the chart, revealing their interrelationship with the price action and providing a remarkable amount of information about the history of the market, its current status and probable future.

In developing this course as an educational tool, the author has pulled out all the stops. No effort has been spared in bringing to the reader a full and usable understanding of trading on the basis of a cyclic substrate. The clarity of Hurst's writing is no small part of the course's value, even in the face of the fact that the text is loaded with newly coined special terms and labels. The illustrations are large (many oversized foldouts), cogent and truly necessary to the interactive style of teaching at the heart of this course. The student finds himself or herself repeatedly asked to perform learning tasks that clarify the material and will be used in actual trading. On a side note, at the time of posting this title "Traders Press" was in the process of merging with another publisher in Iowa and it's unclear about whether they still carry or will carry this course. You may want to check. If not, this course will be very scarce in the future. Pages: 1100-1500, Brand New, Collectible.

STATUS: Sold 22 June 2011 to a Private Collector in Australia.



Other Hurst Titles:

The Profit Magic of Stock Transaction Time (1973)