Edward R. Dewey founded the Foundation for the Study of Cycles in 1941. He was Chief Economic Analyst for the Department of Commerce carrying out an assignment from President Herbert Hoover to identify the causes of the Great Depression when he stumbled upon cycles. He found that when certain cycles came together at the same time it coincided with significantly large dips in the market. In his important paper, The Case for Cycles (July 1967), Dewey writes, ""There is considerable evidence . that there are natural environmental forces that alternately stimulate and depress mankind in the mass.""
I urge young investment professionals to study cycles now. -- Bill Sarubbi, Cycles Research Investments Dewey leaves no stone unturned in his research, his explanations, his theoretical considerations, and his examples. -- Jake Bernstein, CEO, Network Press Anyone interested in the rhythms of life on Earth should nurture an awareness of cyclic recurrences. -- Robert R. Prechter, The Socionomic Theory of Finance This book brings back to life some of the most important cyclical research of the 20th century. It’s a forensic and comprehensive illustration of the ebb and flow of the natural and human world. -- Akhil Patel, The Secret Wealth Advantage If you have not read this classic book, you will never understand cycles. It is a must-have book. -- Larry Williams, 61-Year Veteran Trader and Author Scientific endeavour is approaching a major change in its understandings and, before too long, it will overtly recognise that what goes up must also come down as Dewey intuited many years ago. -- Tony Plummer, Forecasting Financial Markets Understanding and implementation of this critical knowledge will provide you with a distinct advantage in life. -- Andy Pancholi, Geopolitical and Market Strategist Edward Dewey was my first study when I embarked on a lifelong mission to understand the market. -- Brad Rotter, Financial Futures Pioneer