00:00Hurst described his ideas as principles.
00:03Here are the core ones, one line each.
00:05Summation.
00:06The price you see is many cycles added together.
00:09Harmonicity.
00:09Neighboring cycles are related by small ratios, most often 2 to 1.
00:14Synchronicity.
00:15Cycles of different sizes tend to bottom at the same time.
00:19Proportionality.
00:20Bigger cycles carry bigger swings.
00:23Nominality.
00:24There is a common set of typical cycle lengths across markets.
00:28And Variation.
00:28None of this is exact.
00:31Real cycles drift.
00:32So the rules describe tendencies, not guarantees.
