In cycle downturns trend following is what to do. The cycle is better seen on the long term almost always at least weekly or montly data before 1900 better to use DOWJONES data Amplitude & Bartels for mesuring cycles Spectrograph use to see which cycle are dominant in the data The 42 month (182 week) cycle is the business cycle for equities, in bond is a little longer The 30yr cycle is the big one To trade cycle (business one) take a moving average about 1/4 the lenght of cycle and will catch these turn very effectively or for z score do 1/2 the lenght of cycle..., because want the mesure the ups & then the downs... or same lenght MAV to remove the "cycle" and get the trend ! what is driving the 30 day cycle is always changing and hard to pick up, too much noise Will think we are mainly looking at a 4 yr cycle, 7yr cycle & a 30 yr cycle Look at look at the Dickey folder test and not the hearst exponent(JM Hurst Cycle) 1790 to 1840 The Bank of the United States Dominates 1840 to 1875 The Rise of the Railroads 1875 to 1929 The American Commercial Revolution 1929 to 1964 The First Magnificent Seven 1964 to 1993 Free Trade Leads to Global Expansion 1993 to 2014 The Rise of Fall of the Stock Market 2014 to Present Technology Stocks Take Over