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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (203777)	7/11/2013 11:51:52 AM
From: hawkeyefan	Read Replies (1) of 209892

When it works I say so, if it doesn't I keep silent. --gg-- ---------------------------------------- Works well enough that I keep track of it. The daily cycles are Hurst cycles and there are lots of people that use it. I never read a book or took any training about Hurst cycles. Just have adapted the concept. I like it. The 60 minute cycle came from the old adage that the NYSE has a turning point after so many shares are traded. I read about this long ago. There was a guy that used it back in the 70's and 80's. Now there is premarket and after market trading so one is never sure how many shares are actually traded. It is volume based. Also, now there is so much more volume than there was years ago. I have rounded it off to so many hours of trading including the premarket and after market. It does get affected after a period of heavy or light trading, which causes problems. I like it a lot. It has been darn accurate lately.

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