Hurst tradition

Section dedicated to historical cyclic analysis according to J. M. Hurst, starting from The Profit Magic of Stock Transaction Timing (Prentice-Hall, 1970).

Menu → Market Cycles → Hurst tradition — Here you find the book path chapter by chapter. Base theory is in Encyclopedia → Cyclic theory; techniques by phase in Methodologies; terms in Glossary.

Wikiciclo builds this section chapter by chapter: each book block becomes linked encyclopedic entries. Internal working source: archive sheet for The Profit Magic of Stock Transaction Timing (Prentice-Hall, 1970) — raw material not published on the web.

Market Cycles — three areas

Area	Hub	Role
Hurst tradition ← you are here	1970 book path, chapter index	Reading map
Wyckoff tradition	Wyckoff method	Other cyclic/volumetric tradition
Methodologies	Operational techniques	Patterns, timing, management, cases

Start here — golden path (Ch. 1–11)

If you are new — Do not start from the table below. Follow these nine entries in order: operating philosophy → compounding → four pillars → price-motion model → five principles → nominal cycles → envelope → nesting → chart pattern verification.

#	Entry	Ch.
1	Hurst operating philosophy	1
2	Compounding and trading interval	1
3	Four pillars of the Hurst system	1
4	Price motion model (Hurst)	2
5	Five principles of the Hurst cyclic model	2
6	Hurst nominal cycles	2
7	Constant-width curvilinear envelope	2
8	Nesting envelope	2
9	Chart pattern verification	3

After entry 9 continue with trend lines, head and shoulders, double top/bottom, and the Perkin-Elmer case (still Ch. 3, in draft).

Profile: J. M. Hurst.

Reading path by book chapter

Ch.	Book title	Wiki entries	Status
1	Maximize Your Profits	Hurst operating philosophy Compounding and trading interval Four pillars of the Hurst system	✅ golden path
2	Timing Is the Key	Price motion model (Hurst)Five principles of the Hurst cyclic model Hurst nominal cycles Constant-width curvilinear envelope Nesting envelope	✅ golden path
3	Verify Your Chart Patterns	Chart pattern verification Trend lines and channels: the cyclic origin Head and shoulders: the cyclic origin Double top and double bottom Triangles and cyclic analysis Case Perkin-Elmer (1961)Cyclic moving averages (Hurst)	✅ golden path
4	Timing Your Buys With Graphics	Graphic buy timing Envelope construction and the cyclic state table Valid trend line (VTL)Edge-band and mid-band timing Case Gruen Industries (1961)	✅ golden path
5	You've Made Some Money…	Profit management and exits (Hurst, Ch. 5)Cyclic cut-loss (Hurst)Trailing sell and take-profit (Hurst)Non-real-time envelope (Hurst)Short selling according to Hurst	✅ golden path
6	Compute Your Way	Hurst computational methods (Ch. 6)Half-span and full-span moving average (Hurst)Inverse moving average (Hurst)Case Alloys Unlimited	✅ golden path
7	Select and Track	Issue selection and tracking (Hurst Ch. 7)Total scanning and the stable (Hurst)Screening: volatility and stability (Hurst)Price tracking (Hurst)	✅ golden path
8	Trading by Logic	Trading by logic (Hurst Ch. 8)Cyclic market state (Hurst)Case Screw and Bolt (1968)The 1968 trading experiment	✅ golden path
9	Why Stock Prices Change	Why prices change (Hurst Ch. 9)Cyclic X motivation (Hurst)Historical events and market cyclicity (Hurst)The DJIA's six components, 1935–1951 (Hurst)	✅ golden path
10	Pitfalls	Cyclic analysis pitfalls (Hurst)The psychological barriers (Hurst)	✅ golden path
11	Spectral Analysis	Spectral analysis (Hurst Ch. 11)Fourier analysis, step by step (Hurst)The Ormsby numerical filters (Hurst)	✅ golden path
App.	Appendices	The Appendices — The Profit Magic (1970)Appendix I — The DJIA spectrum, 44 years (Hurst)Appendix VI — Trigonometric curve fitting (Hurst)	✅ golden path

Internal study sheets: raw/patrimonio-emiciclo/studio-hurst/.

What is NOT in this book (1970)

FLD (Future Line of Demarcation) — later Hurst / Cyclitec development
Phasing analysis — Cycles Course method (~1973)

Dedicated path: After the book — Hurst post-1970 → FLD — Future Line of Demarcation, Phasing analysis (Hurst), The eight principles of the cyclic model (Hurst course).