[Gann Theory]There be any cycle in the stock market?
Absolutely, the answer is yes, but we can't apply a simple and fixed model to all stock markets. Each stock market is an independent viberation with its own cycle and development laws. Therefore, the cycle and law of the stock market will be introduced before presenting the text of this book. Since the 1900's, economists in western countries have engaged in the study the law of the cycle, and all believed that there was a long-term law in the economic growth or recession. There is noting new thing under the sun. In 1930, the American economist S. Kuznets proposed a business cycle applying to housing construction, with an average length of 20 years. This long-term cycle is known as the "Kuznets" cycle, or building cycle. C Juglar, a French economist, published his Business Crisis and Cycle in France, Britain and the United States in 1862. In this book, he pointed out that the capitalist economy fluctuated every nine to ten years, as generally called "Juglar c...