Cycles without tears by Hans Hannula, Ph.D.
No doubt you have seen the ad in The Wall Street Journal for the book Math Without Tears . Well, this
is how to find cycles without math and, therefore, without tears. Even though I have done a lot of
technical work on cycles (See Stocks & Commodities, "In Search of the Cause of Cycles," March 1987), I
still find the required mathematical skills are difficult for many people. Further, a lot of the mathematical
techniques used to find cycles are tricky in that they require a great deal of care to produce valid results.
Most techniques also cannot tell you that a cycle bottomed today, due to delay effects inherent in the
But there is a simple, easy way to find repeated event patterns in the market. If you can use grid paper, a
pencil and a straightedge, you can master this technique in five minutes.