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The Profit Magic Of

STOCK TRANSACTION

TIMING

J.M.HURST

PRENTICE-HALL, INC.

Please note that page 1 to 8. 12 cfe IS are blank and not missing pages



the Profit Magic of

STOCK TRANSACTION TIMING

J. M. Hurst

PRENTICE-HALL, INC. Engiewood Cliffs, N.J.



THE AUTHOR

The attention of the author was first drawn to the stock market in 1960. Since that time, he has "run the gauntlet" of conventional techniques from long-term investment based on fundamentals, through technical and charting methods, to day-trading.

After early disillusioning experiences, it was only natural to bring to bear the background of analytical experience used to solve similar problems in engineering. He began to ask himself "why" stock prices change-and do so in such a baffling manner. Over 20,000 hours of research followed, in the course of which the principles on which this book is based were developed and tested.

The author was educated at Kansas State, Brown, and Washington Universities-majoring in physics. World War and the advent of radar resulted in interest and training in electronics and the theory of communications-which was of great value later as price "signal" was studied in the presence of "noise."

A 25-year career in aerospace engineering followed, which provided experience in electronic system design, computerized techniques for extracting information from time-series in connection with underwater communications, and numerous aspects of space and missile systems analysis. It was here that appreciation for the power and capabilities of numerical analysis and large-scale digital computers was developed- background that came to fruition in the quest for a rational approach to investing.

Today, Mr. Hurst spends full-time at market research, convinced that remarkable new rewards await the patient worker.



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