Hurst

J. M. Hurst

J. M. Hurst

The late J.M. Hurst is known by most 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. Unfortunately, like W.D. Gann before him, many 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 volatile markets. In irony, Hurst disappeared shortly thereafter, taking most of what he knew and understood along with him.

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 in today’s markets, Hurst claimed a 90% accuracy in actual trading results with his techniques of cyclical analysis.