Mastering Hurst Cycle Analysis: A Modern Treatment of Hurst's Original System of Financial Market Analysis by Christopher Grafton

Author:Christopher Grafton [Grafton, Christopher]
Language: eng
Format: epub
Tags: Business & Economics, Investments & Securities, Analysis & Trading Strategies
ISBN: 9780857191984
Google: NQFaK9ODmwEC
Publisher: Harriman House Limited
Published: 2011-11-30T15:15:35.634309+00:00

First placement

Twenty weeks is 140 calendar days and 98 trading days. The weekly cycles were running short at about 96% of the nominal average and this shortening effect carries over to the daily chart. We are therefore looking for a 20W cycle with a period of about 94 trading days.

This equates to the distance between the two obvious lows in the cycle envelope and will be the length of our first horizontal line (HL) measuring strip.

The chart low at 159 corresponds to the nest of lows on the weekly chart at 233 (14 March 2003). We can therefore go ahead and place a 20W diamond here and by synchronicity diamonds at the same time location in each of the rows below.

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