Cyclic theory
Hurst cyclic analysis theory: price model, principles and empirical foundations.
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Theory of cyclic analysis applied to markets: how Hurst (and others) model price, which principles govern the model, why cycles repeat.
Menu → Market Cycles → Cyclic theory — Here you build the «why» and the model. Technical terms live in Glossary ; operational techniques under Market Cycles → Methodologies . If you do not know buy, timeframe, or trend, start at Concepts .
Encyclopedia — where foundations sit
Level
Hub
Typical question
1
What does «cycle» mean in general?
2
Foundations ← you are hereHow does Hurst decompose price?
3
What does «envelope» or «MD fluctuation» mean?
4
Who wrote all this?
From theory to practice: Market Cycles → Hurst tradition (book path) → Methodologies (techniques by phase).
Recommended path (Hurst Ch. 2)
Prerequisite — Chapter 1 in Hurst tradition : operating philosophy, compounding, four pillars. Then return here for the theoretical core.
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Entry
What you learn
1
Price decomposition into components
2
Five principles of the model (1970)
3
5–10–20–40–80 day hierarchy
4
Visual tool (glossary)
5
Multi-cycle envelopes (glossary)
Next operational step: Ch. 3 in Methodologies — Chart pattern verification .
Topics by study phase
Hurst cyclic model (Ch. 2) — ✅ golden path
Entry
Status
✅ ready
✅ ready
✅ ready
✅ ready
Why prices change (Ch. 9)
Entry
Status
✅ ready
✅ ready
✅ ready
✅ ready
Spectral analysis (Ch. 11)
Entry
Status
✅ ready
✅ ready
✅ ready
Do not confuse with…
Entry
Where
Why
Concepts
General idea, school-agnostic
Foundations
🟤 skeleton — to rewrite
Timing techniques
«How to», not «what is the model»
Sources
J. M. Hurst, The Profit Magic of Stock Transaction Timing (1970) - Internet Archive .
J. M. Hurst, "Cyclic Analysis" (1974) - Reason .
