Hurst tradition: cyclic analysis and trading method

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/.

The documented transition after the book

The 1970 book does not contain FLDs, diamonds, or formal phasing analysis under those names. The primary source Cyclic Analysis (1974), however, directly documents Decision Models, the 1971 CycliTec aids, the 1973 course, and that technical vocabulary.

Path: post-book source map → FLD, phasing analysis, eight principles. Detailed procedures remain attributed to later sources when the 1974 article does not specify them.

Sources

J. M. Hurst, The Profit Magic of Stock Transaction Timing (1970) - Internet Archive.
J. M. Hurst, "Cyclic Analysis" (1974) - Reason.