Benner Cycle

From Benners Prophecies: Future Ups And Down In Prices, published in 1884, but first referenced in 1872.

Benner Cycle is a chart created by Ohioan farmer Samuel Benner. It references historical market cycles between 1780-1872 and uses them to makes predictions for 1873-2059.

The chart marks three phases of market cycles: ^[3]

A. Panic Years: - "Years in which panic have occurred and will occur again."

B. Good Times - "Years of Good Times. High prices and the time to sell Stocks and values of all kinds."

C. "Years of Hard Times, Low Prices, and a good time to buy Stocks, 'Corner Lots', Goods, etc. and hold till the 'Boom' reaches the years of good times; then unload."

Cycles

Benner ^[4] estimated panics occur on a cycle of roughly 18 years, 20 years, and 16 years (18-20-16). After a panic, Good Times last for about 7 years. This is followed by a transition of about 11 years to Hard Times. Then, recovery to Good Times over a period of about 9 years (7-11-9).

Predictions

Hard Times	Good Times	Panics
1780
	1783	1783
1789
	1791
1796
	1800
		1803
1807
	1810
1816
	1818
		1819
1823
	1827
1834
	1837	1837
1843
	1845
1850
	1854
		1857
1861
	1864
1870
	1872
		1873
1877
	1881
1888
	1891	1891
1897
	1899
1904
	1908
		1911
1915
	1918
1924
	1926
		1927
1931
	1935
1942
	1945	1945
1951
	1953
1958
	1962
		1965
1969
	1972
1978
	1980
		1981
1985
	1989
1996
	1999	1999
2005
	2007
2012
	2016
		2019
2023
	2026
2032
	2034
		2035
2039
	2043
2050
	2053	2053
2059

References

1. Benner, Samuel (29 June 2008). Benner's Prophecies of Future Ups and Downs in Prices: What Years to Make Money on Pig-Iron, Hogs, Corn, and Provisions (1884). Kessinger Publishing. ISBN   978-1436787369.
2. Constance Brown (2010). Fibonacci Analysis. Wiley. p. 101. ISBN   9780470883242.
3. Protonotarios, Giorgos. "The Cyclicality of Financial Markets and Benner's Cycle". TradingCenter.
4. "Samuel Benner (1832-1913) - Author".