STA Monthly Meeting – October 2010

Tuesday 12th October 2010
The 40-year cycle or What is wrong with Elliott Wave Theory

Mr Meisels will be talking about the 40-year cycle. According to him since 1789 the US equity market has experienced six secular cycles. They consist of a secular bull and a secular bear phase and last approximately 40 years. The secular bull consists of numerous (± 4 year) Dunbar Cycles which usually have progressively higher highs and higher lows. The secular bear consists of two Dunbar Cycles, where the second is rarely higher than the first, and where one of the bear phases is significantly worse than the other.

Elliott Wave Theory forces each secular cycle into a larger entity (Supercycle, Grand Supercycle, etc.) whereas one, according to Ron, should look at each separately. Once the two bear markets within the secular bear are completed (most recently in March 2009), the secular bear is over, and a new secular cycle begins. Therefore, there is no reason to maintain that we are still in a secular bear market.

Ron Meisels, Founder and President, Phases & Cycles Inc

Ron Meisels is the developer of the “Meisels Index”, an overbought/oversold indicator based on daily closings prices. He is a highly respected technical analyst with over 40 years of stock market experience and the founder and president of Phases & Cycles Inc.

Not ready to join? Stay Updated

If you want to learn more about membership and being part of the STA, sign up for our updates so we can keep in touch.


Monthly Meetings

The STA holds 11 monthly meetings in the City of London, including a summer and Christmas party where canapés and refreshments are served.


Latest Videos

As a service to our members, many of whom are unable to attend all our monthly meetings, we have been making videos of meeting presentations for several years.


STA Libraries

The STA has an extensive library of classic technical analysis texts. There are over 1000 books in the collection. It is held at the Barbican Library with a smaller...


Market Technician

Latest research and news

More Info

World Class Tutors

STA Course Lecturers

More Info


Be part of something special

More Info


View latest posts

More Info