Chapter 9. Temporal Patterns and Cycles
Chapter Objectives
By the end of this chapter, you should be familiar with
• The long (50–60-year) Kondratieff wave cycle
• The 34-year cycle
• The decennial cycle
• Four-year cycles, including the election year pattern
• Seasonal tendencies in stock performance
• The relationship between January stock market performance and the rest of the year
• The relationship between events and stock market performance
Chapter Summary
Periods Longer Than Four Years
Kondratieff waves, or K-waves, are associated with a long 50–60-year cycle studied by Nicolas Kondratieff in the 1920s. Aspects of K-Wave theory include the ideas that waves are attributes of the world economy led by a major national economy and that waves ...
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