Technical Analysis: Power Tools for Active Investors

Lengths of Market Cycles

Again, numerous market cycles exist, each simultaneously exerting its influence at any given time. Some cycles are more significant than others, with their amplitudes (the amount of movement that takes place as a result of that cycle) greater than those of other cycles. The reliability of some cycles appears to be greater than the reliability of others. The major concept to be recalled is that cyclical influences on the stock market are greatest when a number of significant cycles coalesce in their direction, nesting, falling, or rising together. Cyclical influences are likely to be weakest when a number of significant cycles lie in opposition or are in neutral territory.

Here are some of the cycles that I have found ...