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The
'problem' with Hurst channels is that the MA and channel lines end a half cycle
to the right of the price data. Hurst, however, considered the centered MA an
advantage. He did it all by eye.
<SPAN
class=850300304-26042001>
I try
to extend the lines a half cycle beyond the data to project probable future
price action. It can get tricky when the wide channel is expected to turn.
graphing the next wider channel can help. But, of course, it has an even greater
lag.
<FONT face="Times New Roman"
size=2>-----Original Message-----From: Ira Tunik
[mailto:irat@xxxxxxxxx]Sent: Wednesday, April 25, 2001 8:16
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] book
info--Hurst channelsYou are making this far more
difficult then it really is. The moving average is simply the midpoint
between the to outer lines. It is easy to figure and extrapolate.
You don't even need math to do it. Ira
Clyde Lee wrote:
One problem with Hurst channels is
that they dependon a
CENTERED MOVING AVERAGE. <FONT
size=-1>You cannot compute such in realtime at the time
youare
examining. The
attached (a weekly chart) shows what you can<FONT
face="Courier New">expect from this
problem. This
inability to be solved correctly in realtime<FONT
face="Courier New">does not invalidate the procedure.
Just makesit necessary
to think ahead. <FONT
size=-1>Clyde - - - - - - - - - - - - - - - - - - - -
- - - - - - - - Clyde Lee
Chairman/CEO (Home of
SwingMachine) SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540 Houston, TX
77063
Fax: (713) 783-1092 Details
at:
www.theswingmachine.com - -
- - - - - - - - - - - - - - - - - - - - - - - - - -
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:bulldog5@xxxxxxxxxxxxxx";
title=bulldog5@xxxxxxxxxxxxxx>B.Tharp
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, April 25, 2001
17:58
Subject: [RT] book info Is
this the book ? <A
href="http://www.bestwebbuys.com/books/compare/isbn/0934380627";>http://www.bestwebbuys.com/books/compare/isbn/0934380627
----- Original Message ----- From: "Dan" <<A
href="mailto:dcash@xxxxxxxxxxxx";>dcash@xxxxxxxxxxxx> To: <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 25, 2001 5:57 PM Subject: Re: [RT] COMP:
Hurst envelopes
> Thank you! > > Stan Book wrote: > >
> THE PROFIT MAGIC OF STOCK TRANSACTION TIMING, J. M. Hurst,
Prentice-Hall, > > 1970. > > > >
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