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Title: The mathematics behind this work are pure bunk!
Review: Hurst's premise is that stock prices are predictable because he found a line frequency spectrum in the data. This premise is completely false and cannot be proven mathematically. To be predictable there must be repeating components in the data. If you study prices long enough you can spot cycles that seem to repeat but after two or three appearances they change or disappear.Hurst's dominance principal is your first clue that his analysis is flawed. The so called cycles vary in dominance and come and go randomly. Certainly no predictive capability there.Your probability of success with Hurst's method: 50%. Same as a coin toss. Toss the coin and save the money you would spend on this book!By the way, I have a Master of Science degree in mathematics and have spent years researching stock prices. My conclusion: trading the stock market is gambling; but the odds are better than Vegas. Keep it a hobby and don't trade with any money you can't afford to lose.
