"A Swing Trader makes more money, because, he leverages on each tradable swing and gets profit compounding benefits. And there is continuous trading without loosing ‘time’ factor. So, his annual growth is very high " - J M Hurst
J M Hurst, is considered as the 'father' of modern Cyclic Theory. J M Hurst, an aerospace scientist with NASA,
analyzed Price Action of stock markets for over 9 years using Mainframe Computers during 1960s.
In the late 1960's a small group of private investors in California rented time on a mainframe
computer, the only kind that existed at that time, and asked an aerospace engineer, J.M. Hurst, to
help them in their stock market research. The results of over 30,000 hours of computerized data
analysis were distilled and revealed in Hurst's famous 1970 book, The Profit Magic of Stock Transaction
Timing , which has become a classic work on cycle analysis.
When J M Hurst first introduced his concepts and discoveries of the price action analysis, through his
classic work "The Profit Magic of Stock Transaction Timing", he quickly developed a loyal following
from market technicians all over the country, eager to learn his techniques and apply the principles.
Hurst continued his contribution to the Cyclic Theory through a series of workshops called as Cyclitec
Cycles Course; now published by Traders Press as Hurst's Cycles Course.
Hurst's Cyclic Theory deals with concepts of advanced cyclietic analysis such as price cycles, time cycles, price envelope, phasing analysis, synchronicity or multiplicity of troughs, classic trend lines which are the cornerstone of his work used to aid the forecasting techniques. Through the Cycles workshop, he advocated implementing short term market cycles from 3days, 5 days, 10days, 20days to 40day cycles for Swing Trading with 90% accuracy in actual trading results.
Hurst said, " the real magic for maximizing profits in stock market along with reducing risk, lies in short term trading and Transaction Timing".