Price And Time Targets

One of the key aspects of the trading and analytical process is the ability to establish accurate future time and price targets.

George Krum

And, although most technical analysis tools attempt to measure the demand for a stock or commodity, or to predict whether price will move up or down and in what time frame, there are precious few tools which can answer both questions at the same time. Below, we’ll focus on two such tools which can help us identify price and time targets with a high level of confidence and accuracy, thus saving the trader/analyst valuable time and effort. Hurst channels were introduced to the trading public by J.M. Hurst in his book “The Profit Magic of Stock Transaction Timing” first published in 1970. Hurst channels fall in the category of forward looking technical analysis (TA) tools, and provide a powerful visual aid for defining a trend and determining the future trading range and support/resistance levels of any instrument in any time frame (Figure 1):

(Figure 1) For example, the daily chart gives price and time targets for next week, the weekly chart for next month, the monthly chart for the next six months, etc. The accuracy of these targets has been tested continuously for many years, and they have outperformed the best of Wall Street research time and again. For user convenience, the OddsTrader app displays the exact dates and prices in a separate data tab, which adds a higher level of clarity.

What makes channels even more useful and user friendly is the fact that they constantly adapt, and with every passing minute, hour or day, give new and revised price and time targets without any additional user input. Moreover, the ability to measure the accuracy of current price action to past price and time forecasts gives users added confidence in their analysis.