The profit magic of stock transaction timing

by J.M. Hurst

Book Overview

Can a $10,000 investment yield $1,000,000 in a year? In five years? If so, what is the risk involved? These are the kinds of questions to which this work is addressed. Such fantastic results are... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0137260008
• ISBN13: 9780137260003
• Release Date: January 1970
• Publisher: Prentice-Hall
• Length: 223 Pages
• Weight: 2.20 lbs.

Customer Reviews

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.

Tremendous Work, Eye-Opening

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.

J.M. Hurst Revisited

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

A Classic

This book is a classic for anyone into cycles or swing trading. Some of the info is dated, and forget the complicated stuff (Fourier, etc), that's not the point. The point is get in for the upswing and get out near the top and into another trade. The more and faster you do this the better. This is a must have.

Highly recommended for students of stock market analysis.

J.M. Hurst was a pioneer in the computerized research into the nature of stock price action. He drew upon that experience and research to write The Profit Magic Of Stock Transaction Timing, which became a standard text for the serious student of stock market analysis and investment. The stock market has always been volatile and impacted by the social, economic, and political events of the day, at home and abroad. This 25th Anniversary edition will admirably serve to introduce a whole new generation of economists, stock market analysts, and investors to an invaluable source for understanding market trends and how best to capitalize on them with respect to the timing of their buy and sell commands. Highly recommended.