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Published on: 10/10/2008
Last Visited: 2/15/2008
Walter BressertWalter Bressert Inc.
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Walter, who is credited with bringing cycles into the futures markets, became interested in cycles in the late 1960s.He studied everything available at the time, including volumes of information published by the Foundation for the Study of Cycles, and Jim Hurst's classic book on cycles, "The Profit Magic of Stock Transaction Timing".He also attended several of Jim's workshops.Walter was a trader, and in applying the concepts from Hurst's book and workshops, and the Foundation, he realized that something was missing.There was plenty of theory on how to use cycles, but no quantification, or structure, that would allow him to trade the markets cyclically with confidence.
He researched the historical performance of the markets, focusing on quantifying the cycles and combining cycles with price performance, including Fibonnaci relationships of time and price.
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It was at this time Walter began using a combination of oscillators and Timing Bands, which compensates for the tendency of cycles to contract and extend.The result of his extensive research was the Bressert Method of Cycle Analysis.Much of the terminology used by cycle analysts today originates with the terminology Walter used to describe cyclic activity for specific cycles that he isolated over 25 years ago.This method, greatly improved by the addition of Oscillator/Cycle Combinations, is still traded today by many who learned it in the 70s and 80s.
In 1974, he began publishing the HAL Commodity Cycles newsletter to make this information available to other traders.
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In 1994, Walter developed award-winning software that over the years has evolved into his current software ProfitTrader.Based on his timing methodology, ProfitTrader identifies trend and trend reversals, plus generates mechanical BUY/SELL signals.Today, as editor and publisher of the WB Intraday Review & Forecaster and WB Trades OnLine, he provides daily commentary and trade recommendations on the S&P 500.His recommendations and forecasts are instructional so traders can learn the "how and why" to make their own trading decisions.
The Timing Bands he built for the markets in the early 70s are still valid and much improved.The addition of oscillators and his techniques to enhance oscillator performance greatly improve the ability of anyone - beginner or expert - to trade tops and bottoms of cycles as they are occurring . The real key to trading with cycles is to first identify trend direction, then buy bottoms if the trend is up, and sell tops if the trend is down.The interaction of cycles within cycles shows specific patterns that help identify trend reversals as they are occurring, and in iday trading it is these trend reversals that are often followed by the big intraday moves.
Walter was a director and president of the non-profit Foundation for the Study of Cycles.He has lectured internationally for more than twenty years and written articles for the Wall Street Journal, Barron's, Futures magazine and the "Commodity Research Bureau Yearbook".He was a contributing editor to the Financial News Network and has appeared on CNBC from time-to-time as a guest speaker.
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