2010 Reprint of 1947 edition. In 1947 Edward R. Dewey and Edwin F.
Dakin published their book Cycles: The Science of Prediction which
argued the United States economy was driven by four cycles of
different length. Dewey devoted his life to the study of cycles,
claiming that "everything that has been studied has been found to
have cycles present." He carried out extensive studies of cyclicity
in economic, geological, biological, sociology, physical sciences
and other disciplines. As a result of his research, Dewey asserted
that seemingly unrelated time series often had similar cycles
periods present and that when they did the phase of these cycles
was mostly very similar (cycle synchrony). He also said that there
were many cycles with periods that were related by powers or
products of 2 and 3. Dewey understood his cycle theory to be
capable of understanding what the market is going to do and of
predicting what may come.
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