A quién sirve esta entrada — The 1970 book is not all of Hurst: a few years later, with the Cycles Course, the method matured into a different form — fewer formulas, more chart reading. This is the index of the complementary path: what is there, where it comes from, and why it belongs after the book's eight stages.
Fuente: JM Hurst's Cycles Course (Cyclitec Services, ≈1973) and the modern teaching tradition — David Hickson, Sentient Trader, hurstcycles.com. None of this page is in The Profit Magic of Stock Transaction Timing (1970): whenever Cyclepedia draws on the course or the tradition, it says so.
The three layers of the Hurst corpus
| Layer | Source | What it holds |
|---|---|---|
| 1 · The book | Profit Magic (Prentice-Hall, 1970) | |
| 2 · The course | Cycles Course (Cyclitec, ≈1973) | The mature graphical method: phasing analysis, FLD, eight principles, diamond notation |
| 3 · The tradition | Hickson / Sentient Trader / hurstcycles.com | Operational FLD, software, intraday extensions, modern teaching |
Hurst himself regarded the course as the method behind his operating results; the book is its public ancestor — and the theoretical foundation stays the same (the appendices hold for both).
The recommended path
- The eight principles — the book's five plus the course's three (harmonicity, synchronicity, cyclicality)
- Phasing analysis — dating every component's lows: entry, extension, completion
- The diamond notation — phasing's handwriting on the chart
- The underlying trend — the longer cycles' direction as a filter
- Time translation — why peaks slide and troughs do not
- The FLD — the line displaced half a cycle forward, with its ruler
- The synchronicity trick — confirming the long trough with the short cycles
Book and course, side by side
| Profit Magic (1970) | Cycles Course (≈1973) | |
|---|---|---|
| Method | Mathematical: nested envelopes, centred averages | Pattern recognition: phasing of troughs |
| Projections | Extrapolated crossings and averages | Full cyclic model, FLD |
| Strength | Objective rules, well-defined cyclicality | Complex markets, variation and skew |
| Limit | Fragile when cyclicality dries up | Requires practice and chart judgement |
Book first — The course assumes everything the book proves: the model, the principles, the discipline of the barriers. Tackling phasing and FLD without the recorrido de oro's eight stages is learning calligraphy before the alphabet.
Enlaces
- J. M. Hurst — the biographical card, with both path maps
- Tradición Hurst — the 1970 corpus (Ch. 1–11 + appendices)
- FLD · Phasing analysis — the course's two pillars