The Principle of Nominality
Here we examine how JM Hurst arrived at the framework we often use to perform phasing analysis on financial markets
What is Nominality?
The term ‘nominal’, in relation to Hurst Cycles, refers to the distinct naming convention of groups in Hurst’s nominal model. These are a collection of groups that coalesce around similar frequencies, named for ease of use and convention. In reality, periodic functions in financial markets are plagued by all kinds of variation, excurs…