Hurst Nominal(s) Models
Fact is there are 3 Cyclic or Nominal “Model(s)” we can find in Hurst works
a) – the Nominal Model described Chapter 2, page 33 of his book « Profit Magic of Stock Transaction Timing” published in 1970.
b) the Nominal Model described in the Course published in 1973 / 1975 by his service to investors named Cyclitec.
Lesson N° 1 – How Price Action Works – page 29 to 33
c) the Simplified Model used in the same course
why 3 “Models” ?
what are the differences ?
did Hurst explained the slippage from one “model” to the others ?
The Nominal model in Profit Magic – 1970
Hereunder you will find the same initial ” Nominal Model” expressed :
– in calendar days (CD) (I have not taken into account the bi-sextiles years)
– in theoretical trading days (TD) (5 trading days (TD) per week
– in “real” trading days based on an average annualized count issued from a study of an american trader rounded to 256 Trading Days (TD) .
I use also this “average” – 256 TD – for my time scaling in my Gann Studies .
Hereunder you will find the Nominal Model described in the Cyclitec Services Course
Hereunder you will find the ” Nominal Model” listed in the Cyclitec Course expressed : – in calendar days (CD) (I have not taken into account the bi-sextiles years) – in theoretical trading days (TD) (5 trading days (TD) per week – in “real” trading days based on an average annualized count issued from a study of an american trader rounded to 256 Trading Days (TD) .
If you compare both Nominal Models the difference between the initial Model of Profit Magic and the Nominal Model proposed in the Cyclitec Course, you can observe that :
– the 3 years Cycle,
– the 1 year cycle .
– the 6 months cycle
– the 3 months cycle
have disappeared without explanation
Then you observe the appearance in the model of cycles expressed in days
The Simplified Model (for the Dummies)
The same “Simplified Model” expressed in calendar and trading days
The practical result of this kind of variation is that the nominal cyclic model is useful (as are all the rest of the basic cyclic principles) as a necessary guide —but a specific, or current, cyclic model must be tailored to each issue in the process of analyzing a trading situation.
Hurst Course – Chapter 1 – How Price Action works