This ground-breaking book reveals how you can identify potential future trends and turning points in equity prices with great precision by identifying and analysing the stable cycles present in price data.

Building on the work of the legendary J. M. Hurst, this book shows how you can use cycles in an innovative, new way by combining the three techniques of cycle analysis, channel analysis and probability analysis. Used together, these techniques ensure both a higher probability of trading success and better risk control — with greater precision than ever before.

How trading securities with predictable cycles lead to profits

While technical analysts generally believe that virtually all securities can be analysed for future price movement, this book reveals the startling fact that in actual practice only about 10% of the securities have stable cycles at any time. These 10% securities are therefore the ones where future price trends and turning points can be predicted with far greater certainty.

Brian Millard reveals how you can identify securities with predictable cycles — securities which spell big trading profits:

• How to estimate the stability of trend positions.

• How to draw probability boundaries for price positions.

• How to deduce the core probability of any given price trend.

• How to understand the various forms of risk at play in the markets.

• How to simulate future price movements.

The book presents numerous other valuable insights on the best new ways to read cycles, evaluate trends, plot moving averages and anticipate turning points.

BRIAN J. MILLARD'S background was as a scientist, and until 1980 he was a senior lecturer at the University of London, publishing over seventy scientific papers.

He later became interested in the work of J.M. Hurst on cycles and channels in the stock market and as this interest grew, spent time carrying out research in this field. Following his landmark book 'Stocks and Shares Simplified', published in 1980, Brian wrote a further five books on the application of scientific methods to the stock market.

His books on channel analysis are now universally recognised as taking forward the work of J.M. Hurst to a higher level by analysing price movement and especially the occurrence of predictable cycles in market data.