Showing posts with label W.D. Gann. Show all posts
Showing posts with label W.D. Gann. Show all posts

Monday, March 16, 2026

The 60-Year Cycle in US Stock Indexes Revisited | @Fiorente2

Multiple long-term cyclical frameworks suggest that US equity markets may be entering a period of heightened volatility and potential trend transition during 2026. The convergence of several key cycles—including the 60-year cycle, the 22-year cycle, and planetary timing structures involving Saturn, Venus–Uranus, and Jupiter–Saturn—points to a series of possible inflection points beginning in March 2026 and extending through mid-year. Measured from the April 2025 market low, these cycles begin to cluster between March and July 2026. While the February 2026 highs across several indices may represent an important crest, the possibility of cycle inversions or secondary tops remains open.
 
Long-Term Cycles
A central structural reference is the 60-year cycle measured from the April 2025 low. Historically, this cycle has corresponded with major turning points in US equity markets. Notably, the NYSE Composite reached a comparable high exactly 60 years earlier. However, the present market has not yet produced the decline typically associated with this cycle. Instead, market behavior may be following the 22-year cycle more closely, suggesting a gradual and phased decline that could extend into mid-August 2026.

Chart 1
NYSE Composite and Long-Term Cycles: Interaction between the 
60-year and 22-year cycles measured from the April 2025 market low.

An earlier trough may occur near the end of June, corresponding with approximately 15 degrees of heliocentric Saturn movement measured from the April 7, 2025 low. A late-June to early-July 2026 trough would also coincide with three Venus–Uranus heliocentric oppositions projected from the April 2025 bottom. Within this framework, a shorter-term inflection point appears around March 13, 2026, where a temporary rebound may occur.

Dow Jones Industrial Average
The DJIA exhibits several notable cyclical alignments. The index reached a peak in early February that squared out along a Saturn 1×2 timing line, aligning closely with the equivalent date 60 years earlier. In addition, the heliocentric synodic cycle of Venus and Uranus has tracked recent turning points with remarkable precision, with several inflection points occurring within only a few days of major price reversals.

Chart 2
DJIA Saturn Timing and Venus–Uranus Synodic Cycle: Alignment of Saturn timing
lines and Venus–Uranus heliocentric aspects with recent market turning points.
 
S&P 500
Applying Saturn timing lines derived from prior highs and lows to the S&P 500—combined with the Venus–Uranus synodic cycle—suggests the index may be declining toward a potential trough around mid-March 2026 during an initial corrective phase. This move could represent the first leg of a broader cyclical decline associated with either the 60-year or 22-year cycle. Historically, these cycles often move in similar directional phases for extended periods, reinforcing the prevailing market trend.

Chart 3
S&P 500 Cyclical Timing Structure: Saturn timing lines and the Venus–Uranus
synodic cycle suggest a possible corrective phase developing in early 2026.

Nasdaq Composite
Because the Nasdaq Composite did not exist 60 years ago, the analysis relies primarily on the 22-year cycle. A Saturn planetary fan projected from the January high provides a framework for estimating potential downside trajectories should the current downtrend continue. While the 60-year cycle likely influences the broader market environment, its historical behavior cannot be directly evaluated for the Nasdaq. The Venus–Uranus heliocentric synodic cycle projected from the April 2025 low nevertheless identifies several well-defined inflection points that align closely with recent price movements.

Chart 4
Nasdaq Composite with Saturn Planetary Fan: Potential trend pathways
using Saturn planetary fan geometry and Venus–Uranus timing.

Historical Analogue: 1966 vs. 2026
A striking historical comparison can be observed when examining the 1966 market cycle. In 1966, the Dow Jones Industrial Average reached a peak near 1,000 on February 9 and subsequently declined to approximately 500 by October 10. Overlaying the current 2026 decline from the February 9 peak onto the 1966 pattern reveals a broadly similar percentage trajectory thus far. While historical analogues should be treated cautiously, the comparison provides a useful framework for evaluating the potential magnitude of the present correction.

Chart 5
DJIA Historical Comparison: 1966 vs. 2026. Overlay analysis shows
similarities between the 1966 decline and the current market structure.

Planetary Time Clusters
Market volatility often increases when multiple planetary geometries and transit aspects occur within a narrow time window. The chart below aggregates cumulative hard aspects (0°, 90°, and 180°) of planetary transits together with major planetary geometries. These elements form Time Cycle Clusters, which historically correspond with periods of heightened volatility and increased market activity.

Chart 6 — DJIA and Planetary Time Cycle Clusters: Periods historically associated with elevated market volatility.


Jupiter–Saturn Structural Cycle
Another important framework is the long-term Jupiter–Saturn cycle. Projecting three Jupiter–Saturn cycles forward from the October 1966 market low produces an alignment in May 2026 corresponding with the original 1966 trough. This alignment could represent either a high or a low. However, because the second Jupiter–Saturn cycle corresponded with a market peak, the probability may favor a cyclical trough around May 2026.

Chart 7
DJIA Jupiter–Saturn Cycle Projection: The chart projects three full Jupiter–Saturn cycles
forward from the October 1966 market low, resulting in a precise alignment marked in May 2026 
that corresponds to the original 1966 trough.
 
The Jupiter–Saturn synodic cycle measured from the October 10, 1966 low—using 90-degree increments—aligned closely with the 2007 market peak, occurring just 13 days before the October 10, 2007 high. Extending the third segment of this cycle projects forward to May 20, 2026, which occurs 18 years and 7 months after the 2007 peak. This represents 1080 degrees of Jupiter–Saturn motion, or three full cycles measured from the October 1966 low.

Since 2018, several major market crests—including those in 2021, early 2022, and February 2026—have aligned with a Jupiter planetary line drawn through these peaks. If this pattern continues, the February 2026 high may represent an interim crest similar to the 2022 peak, with a potential trough forming between April and July 2026.
 The current decline may represent only the initial phase of a broader corrective structure similar to the 1966 market decline, although confirmation remains premature.
Macroeconomic conditions remain relatively resilient, and a rapid improvement in geopolitical conditions could quickly restore bullish sentiment. Such developments could produce a secondary market top within the April–June window. At present, the balance of cyclical evidence suggests that the February 2026 peak may represent an important market crest. However, as with all cyclical models, inversions remain possible and should be considered within the broader analytical framework.
Reference:
 

Louise McWhirter’s Forecasting Theory: The US Stock Market Through 2028

Louise McWhirter first presented her theory in her 1937 book "Astrology and Stock Market Forecasting." The model in the chart below demonstrates her claim that primary trends in business volume, finance, and stock prices are systematically delineated by the retrograde motion of the lunar North Node (NN) through the twelve signs of the zodiac. 

The draconic period of the true (osculating) lunar North Node is 18.612958 years (6,798.383 days). On average, 
each 30° zodiac sign is traversed in 566 days, or one year, six months, and nineteen days (1.55108 years).
 
The zodiac wheel is divided into four quadrants: "above normal," "normal," "below normal," and directional zones marked "prices up" (Leo through Libra) and "prices down" (Aquarius through Aries). Prominent arrows labeled "NODE TREND" and "TRANSITION PERIOD" indicate the clockwise retrograde flow, with gradual shifts occurring across defined transition zones near Scorpio–Sagittarius and Taurus–Gemini. Four pivotal turning points occur when the North Node enters the fixed signs, corresponding symbolically to the four heads of the cherubim in the Book of Ezekiel:
 
Aquarius represents the extreme low of business activity and the bottom of the cycle.
Leo signifies the extreme high of business activity and the top of the cycle.
Taurus marks the point at which business activity reaches a normal level while the overarching trend remains downward.
Scorpio indicates business activity reaching a normal level while the trend is upward.
 
The intervening signs provide precise transitional and amplifying effects:
 
► Aquarius: Extreme low of business activity, the bottom of the cycle.
► Pisces: Business activity approaches the bottom of the cycle.
► Aries: Business activity starts to fall below the normal level.
► Taurus: Business activity reaches a normal level, but the trend is going down.
► Gemini: Business continues to fall lower towards the normal level.
► Cancer: Business activity fades from the top.
► Leo: Extreme high of business activity, the top of the cycle.
► Virgo: Business activity goes even higher.
► Libra: Business activity starts to go above the normal level.
► Scorpio: Business activity reaches a normal level, and the trend is going up.
► Sagittarius: Business continues to go higher towards the normal level.
Capricorn: Business activity turns up from the bottom.
 
These phases are not instantaneous but unfold within the broader nodal transit and transition periods shown on the wheel. The following ingress dates, drawn directly from the established nodal cycle, demonstrate the theory’s practical application across recent and forthcoming years:
 
November 11, 2015: NN enters Libra. 
May 9, 2017: NN enters Virgo. 
November 6, 2018: NN enters Leo. 
May 5, 2020: NN enters Cancer. 
January 18, 2022: NN enters Gemini. 
July 17, 2023: NN enters Taurus. 
January 11, 2025: NN enters Aries.  
July 26, 2026: NN enters Pisces.
January 27, 2028: NN enters Aquarius
August 2, 2029: NN enters Capricorn. 
January 26, 2031: NN enters Sagittarius. 
October 2, 2032: NN enters Scorpio. 
April 2, 2034: NN enters Libra. 
October 25, 2035: NN enters Virgo. 
[The intervals reflect the variable motion of the true North Node, ranging from 542 to 623 days while averaging to the theoretical 566.532-day mean.] 
As of March 2026, the North Node resides in Aries, a phase in which business activity begins to fall below the normal level within the “prices down” quadrant. This downward pressure persists until July 26, 2026, when the Node enters Pisces. Throughout the remainder of 2026 and the entire year of 2027, the Pisces transit prevails, during which business activity steadily approaches the bottom of the cycle. The subsequent ingress into Aquarius on January 27, 2028 will mark the extreme low, completing the descent that commenced in Aries.
 
 
McWhirter’s model suggests subdued business volumes, contracting financial activity, and a prevailing downward bias in prices through 2027. While this part of her theory does not specify intra-sign turning points and acknowledges that secondary factors (such as other planetary cycles or policy interventions) may modify outcomes by up to 20%, it supplies a disciplined structural overlay that contextualises shorter-term technical, fundamental, and sentiment indicators. 
 
See also:

Monday, December 8, 2025

2026 in W.D. Gann’s "Financial Time Table"

W.D. Gann’s Financial Time Table from 1784 to 2008 is based on the 18.612958-year lunar nodal cycle (6,798.383 days, the time for the Moon's north node, also referred to as the True Node, to complete one orbit relative to the ecliptic). Compiling his Financial Time Table in 1909, however, Gann approximated the lunar node's period without an ephemeris by simply alternating 18- and 19-year intervals to achieve an average of 18.5 years—an error of 47.33 days per cycle, meaning Gann's cycle is lagging behind the node's true position.
 
» Gann himself was quoted as saying that this was his greatest market discovery. « 
 
Fast-forward to late 2025, Gann's error sums up to 300 daysHence, the exact criteria and starting date to which he anchored his cycle, including his annotation: "Dec. 25, 1989 revises to Mar. 13, 1934," remain unclear and subjects of debate. The table’s basic conceptual congruence with Louise McWhirter's 1937 "Theory of Stock Market Forecasting" led analysts to suspect "Louise McWhirter" was merely a Gann alias used to correct the flawed astronomy of his 1909 Time Table and provide an elaborated astrological theory of the lunar node's 18.6-year cycle and its impact on the US business cycle and stock market.
 
 

Regardless, even though 
the extended version of the original table into 2121 did not correct Gann's error, it forecasted a market panic in 2020 (accurate), and high stock prices in 2022–2023 (accurate?). For 2024, 2025, and 2026, Gann's table warns about a "major panic CRASH! 4 years of falling prices, business stagnated, breadlines, soup kitchens, despair, unemployment." Correct? For 2027 to 2031, the table announces "extreme low stock prices, strikes, repression, [and] despair" to be followed by the "beginning of [a] new business generation of 18.6 years. 4 years of rising stock prices and improving business. Markets bare of goods. Young men becoming prominent." Time will tell.
 
Gann claimed his time table accurately forecasted over a century of significant events, including the 1907 Panic, the 1929 Crash, and the post-World War II boom. This framework has shown continued relevance in modern validations, such as the 2020 COVID-19 market panic, which aligned with a projected low year in the table. Furthermore, the 2022–2023 stock highs preceded an anticipated downturn, also fitting the established pattern. 
  
 » Major crash in 2024–2026 with prolonged economic stagnation, and a recovery by 2028–2030. «
W.D. Gann's original "Financial Time Table" adjusted and extended into 2121.
 
While appealing, the table’s predictions should be approached cautiously, considering external factors and the debated accuracy of Gann’s methods. 
 
» Maybe Gann’s table should be shifted for a few months in view of 18.5M approximation vs 18.6M desired value. « 
 
Branimir Vojcic is right: For higher degrees of conviction, diehard Gann aficionados may want to re-anchor the exact lunar nodal period to a specific date (e.g., sign ingress, natal chart, crash low), and derive further clues from "Louise McWhirter."

Tuesday, September 16, 2025

W.D. Gann’s Famous 1929 DJIA Forecast: How Accurate Was It?

On November 23, 1928, W.D. Gann released his 1929 Annual Forecast for the Dow Jones Industrial Average (DJIA) to subscribers. Published on the eve of what would become one of Wall Street’s most catastrophic years, the forecast used Gann’s time-and-price methods to anticipate market swings.
 
W.D. GANN SCIENTIFIC SERVICE INC.
1929 Annual Stock Market Forecast, November 23, 1928.
 
To evaluate the forecast's quality, projected dates of swing highs and lows from Gann’s 1929 chart were compared with actual DJIA daily closes during 1929. A trading test was conducted: short at each forecasted high and cover at the next low, then reverse to long on the same date and price, exiting at the following high, and so on. 
 
Across 49 completed long and short trades, gains and losses were measured in points—exit minus entry, adjusted for shorts—and expressed as percentages relative to the starting level of 307.0 points, based on the first short trade entered on January 2, 1929.
  
Number of trades: 49 (24 long, 25 short). Win rate: 51.02% (25 winners, 24 losers). Max consecutive wins: 3; Max consecutive losses: 4. Trade duration (days): average 7.46; median 6.75; range 2–22. Average return per trade: 1.17% (best +19.54%, worst −6.58%). Drawdowns: absolute 0.00%; relative 6.58%; maximum 9.92%. Net annual return: +59.18%.
Very extraordinary and remarkable in many ways. Flip your own coin.

Blindly trading all the projected swings in Gann’s chart through December 31, 1929, would have produced a cumulative net annual profit of 171.7 points (59.18%) with no absolute drawdown. 
 
 
 
» What Gann wrote in his courses and what he traded were two very different things. «  
 
He relied on a remarkably blunt and straightforward bread & butter strategy
Trading double tops and lows in the direction of the daily trend.
 
  » Maybe the lesson for all of us is to keep things as simple as possible. «  
 

Monday, September 15, 2025

How to Divide the Yearly Time Period | W.D. Gann

The average of stocks and many of the individual stocks make important bottoms and tops according to the Seasonal Changes, which are as follows:

The Winter Quarter begins December 22nd, and 15 days from this date is January 5th and 6th, which are always important dates to watch at the beginning of each year, as stocks often make extreme high or extreme low around these dates and a change in trend takes place. 
 
According to Kepler's Second Law, the line connecting the Earth and the Sun sweeps out equal areas in equal times,
causing the Earth to move faster when closer to the Sun and slower when farther away (Law of Equal Areas).
Adding 180 solar degrees to the major low in US stocks on April 7 (Mon) points to a high on October 6 (Mon). 

When stocks make low in December, just before or just after the 22nd, a January rise usually follows. Dividends are paid on the first of January, and people buy for the dividends, which brings about a rally which often culminates around the 3rd to 7th. However, in some years, the January advance lasts until around the 20th to 21st.

February 5th is 45 days from December 22nd, and minor changes often take place around this date and, sometimes, very important tops and bottoms are reached.
March 21st is 90 days from December 22nd. This is the date when the Sun crosses the equator and Spring begins. The Spring rally in the stock market often starts around this date or culminates if stocks have been advancing previous to this date.
May 6th is 46 days from March 21st or 135 days from December 22nd and equals the 135° angle. Watch for important change in trend around this date.
June 22nd is 93 days from March 21st, which equals 90°, and, of course, it is opposite December 22nd and is important for seasonal change, as Summer begins at this date.
July 7th is 15 days from June 22nd and six months or 180 days from January 7th. July being a dividend month, advances or declines often culminates around this date, and an important change in trend often takes place. It is the next important date to watch after June 22nd.
  August 8th is 47 days from June 22nd, but the Sun has only moved 45°, which equals the 45° angle. This is a very important date for change in trend, and you should watch stocks that make tops and bottoms around this date.
September 23rd is 93 days from June 22nd, but the Earth or Sun has only travel 90°. The Sun crosses the equator at this time and is 180° or opposite the point where it crosses the equator on March 21st. Fall begins at this date, and stocks make important changes in trend.
 
Dates at 45°, 90°, 135°, 180°, 225°, 270°, and 315° solar degrees from the Vernal Equinox (0° Aries) are what Gann called 'Natural Trading Days,' with 225° representing 0.618 of the solar year (November 7). Though 15°, 22.5° and 45° also may coincide with changes in trend, Gann stressed the importance of the cardinal points (90° apart). He also used multiples of 90° and 144°, i.e., 90°, 180°, 270°, etc., and 144°, 288°, 432°, 576°, 720°, etc. 

Divide the year by 2 to get 6 months, the opposition point or 180° angle, which equals 26 weeks.
Divide the year by 4 to get the 3 months’ period or 90 days or 90° each, which is 1/4 of a year or 13 weeks.
Divide the year by 3 to get the 4 months’ period, the 120° angle, which is 1/3 of a year or 17-1/3 weeks.
Divide the year by 8, which gives 1½ months, 45 days and equals the 45° angle. 
   This is also 6½ weeks, which shows why the 7th week is always so important.
Divide the year by 16, which gives 22½ days or approximately 3 weeks. 
   This accounts for market movements that only run 3 weeks up or down and then reverse. 
 

As a general rule, when any stock closes higher the 4th consecutive week, it will go higher. The 5th week is also very important for a change in trend, and for fast moves up or down. The 5th is the day, week, month, or year of Ascension and always marks fast moves up or down, according to the major cycle that is running out.

Forecasting Monthly, Weekly, and Daily Moves | W.D. Gann

Monthly moves can be determined by the same rules as yearly: Add three months to important bottom, then add 4, making 7, to get minor bottoms and reaction points.

W.D. Gann's natal chart for coffee.
 
In big upswings a reaction will often not last over two months, the third month being up, the same rule as in yearly cycle –2 down and the third up.
 
In extreme markets, a reaction sometimes only lasts 2 or 3 weeks; then the advance is resumed. In this way a market may continue up for 12 months without breaking a monthly bottom.

In a bull market, the minor trend may reverse and run down 3 to 4 months; then turned up and follow the main trend again.

In a bear market, the minor trend may run up to 3 to 4 months, then reverse and follow the main trend, although, as a general rule, stocks never rally more than 2 months in a bear market; then start to break in the 3rd month and follow the main trend down.
 
» When a stock sells on the 180th day, week or month, it is on the degree of its time angle. « 
W.D. Gann, November 1935.

WEEKLY MOVES
The weekly movement gives the next important minor change in trend, which may turn out to be a major change in trend.

In a bull market, a stock will often run down 2 to 3 weeks, and possibly 4, then reverse and follow the main trend again. As a rule, the trend will turn up in the middle of the third week and close higher at the end of the third week, the stock only moving 3 weeks against the main trend. In some cases, the change in trend will not occur until the fourth week; then the reversal will come and the stock close higher at the end of the fourth week. Reverse this rule in a bear market.

In rapid markets with big volume, a move will often run 6 to 7 weeks before a minor reversal in trend, and in some cases, like 1929, these fast moves last 13 to 15 weeks or 1/4 of a year. These are culmination moves up or down.

As there are 7 days in a week and seven times seven equals 49 days or 7 weeks, this often marks an important turning point. Therefore, you should watch for top or bottom around the 49th to 52nd day, although at times a change will start on the 42nd to 45th day, because a period of 45 days is 1/8 of a year. Also watch for culminations at the end of 90 to 98 days.

After a market has declined 7 weeks, it may have 2 or 3 short weeks on the side and then turn up, which agrees with the monthly rule for a change in the third month.
 
Always watch the annual trend of a stock and consider whether it is in a bull or bear year. In a bull year, with the monthly chart showing up, there are many times that a stock will react 2 or 3 weeks, then rest 3 or 4 weeks, and then go into new territory and advance 6 to 7 weeks more.
 
After a stock makes top and reacts 2 to 3 weeks, it may then have a rally of 2 to 3 weeks without getting above the first top; then hold in a trading range for several weeks without crossing the highest top or breaking the lowest week of that range. In cases of this kind, you can buy near the low point or sell near the high point of that range and protect with a stop loss order 1 to 3 points away. However, a better plan would be to wait until the stock shows a definite trend before buying or selling; then buy the stock when it crosses the highest point or sell when it breaks the lowest point of that trading range.
 
DAILY MOVES
The daily movement gives the first minor change and conforms to the same rules as the weekly and monthly cycles, although it is only a minor part of them.

In fast markets, and there will only be a 2-day move in the opposite direction to the main trend and on the third day the upward or downward course will be resumed in harmony with the main trend.
 
A daily movement may reverse trend and only run 7 to 10 days; then follow the main trend again. During a month, natural changes in trend occur around
 
6th to 7th       14th to 15th    23rd to 24th
9th to 10th    19th to 20th    29th to 31st
 
These minor moves occur in accordance with tops and bottoms of individual stocks.
 

It is very important to watch for a change in trend 30 days from the last top or bottom. Then watch for changes 60, 90, 120 days from tops or bottoms. 180 days or six months –very important and sometimes marks changes for greater moves. Also around the 270th and 330th day from important tops or bottoms, you should watch for important minor and often major changes.
 
JANUARY 2nd to 7th AND 15th to 21st
Watch these periods each year and note the high and low prices made. Until these high prices are crossed or low prices broken, consider the trend up or down.
Many times when stocks make low in the early part of January, this low will not be broken until the following July or August, and sometimes not during the entire year. This same rule applies in bear markets or when the main trend is down. High prices made in the early part of January are often high for the entire year and are not crossed until after July or August. 
For example: U. S. Steel on January 2, 1930, made a low at 166, which was the half-way point from 1921 to 1929, and again on January 7, 1930 declined to 167¼. When this level was broken, Steel indicated lower prices.

JULY 3rd to 7th AND 20th to 27th
The month of July, like January, is a month when most dividends are paid and investors usually buy stocks around the early part of the month. Watch these periods in July for tops or bottoms and the change in trend. Go back over the charts and see how many times changes have taken place in July, 180 days from January tops or bottoms. For example: July 8, 1932 was low; July 17, 1933, high; and July 26, 1934 low of the market.
 
 
 
See also:

The 10-Year Cycle | W.D. Gann

Stocks move in 10-year cycles, which are worked out in 5-year cycles – a 5-year cycle up and a 5-year cycle down. Begin with extreme tops and extreme bottoms to figure all cycles, either major or minor.

 
Rule 1 - A bull campaign generally runs 5 years – 2 years up, 1 year down, and 2 years up, completing a 5-year cycle. The end of a 5-year campaign comes in the 59th or 60th months. Always watch for the change in the 59th month.

Rule 2 - A bear cycle often runs 5 years down – the first move 2 years down, then 1 year up, and 2 years down, completing the 5-year downswing.

Rule 3 - Bull or Bear campaigns seldom run more than 3 to 3½ years up or down without a move of 3 to 6 months or one year in the opposite direction, except at the end of Major Cycles, like 1869 and 1929. Many campaigns, culminate in the 23rd month, not running out the full two years. Watch the weekly and monthly charts to determine whether the culmination will occur in the 23rd, 24th, 27th or 30th month of the move, or in extreme campaigns in the 34th to 35th or 41st to 42nd month.

Rule 4 - Adding 10 years to any top, it will give you top of the next 10-year cycle, repeating about the same average fluctuations.

Rule 5 - Adding 10 years to any bottom, it will give you the bottom of the next 10-year cycle, repeating the same kind of a year and about the same average fluctuations.

Rule 6 - Bear campaigns often run out in 7-year cycles, or 3 years and 4 years from any completed bottom. From any complete bottom of a cycle, first add 3 years to get the next bottom; then add 4 years to that bottom to get bottom of 7-year cycle. For example: 1914 bottom – add 3 years, gives 1917, low of panic; then add 4 years to 1917, gives 1921, low of another depression.

Rule 7 - To any final major or minor top, add 3 years to get the next top; then add 3 years to that top, which will give you the third top; add 4 years to the third top to get the final top of the 10-year cycle. Sometimes a change in trend from any top occurs before the end of the regular time period, therefore, you should begin to watch the 27th, 34th, and 42nd month for a reversal.

Rule 8 - Adding 5 years to any top, it will give the next bottom of a 5-year cycle. In order to get top of the next 5-year cycle, add 5 years to any bottom. For example: 1917 was bottom of a big bear campaign; add 5 years gives 1922, top of a minor bull campaign. Why do I say, “Top of a minor bull campaign?” Because the major bull campaign was due to end in 1929.

1919 was top; adding 5 years to 1919 gives 1924 as bottom of a 5-year bear cycle. Refer to Rules 1 and 2, which tell you that a bull or bear campaign seldom runs more than 2 to 3 years in the same direction. The bear campaign from 1919 was 2 years down – 1920 and 1921; therefore, we only expect one-year rally in 1922; then 2 years down – 1923 and 1924, which completes a 5-year bear cycle.

»
The ten-year cycle continues to repeat, but the greatest advances and declines occur at the end of the 20-year and 30-year cycles, and again at the end of the 50-year and 60-year cycles, which are stronger than the others. «
Looking back to 1913 and 1914, you will see that 1923 and 1924 must be bear years to complete the 10-year cycle from the bottoms of 1913-1914. Then note 1917 bottom of the bear year; adding 7 years gives 1924 also as bottom of a bear cycle. Then, adding 5 years to 1924 gives 1929 top of a cycle.
 
 
 
See also: