This edition has updated material on the National Incident Management System, National Response Plan, National Response Framework, and National Fire Protection Association Standard 1600; coverage of the World Trade Center Site litigation and effects on responders; more on post-traumatic stress disorder; expanded and updated material on the history, ...
Mesocycles are typically 3 to 4 weeks in length but can be a bit longer. Two very common mesocycles are 21 and 28-day training blocks. I will provide an example of a training plan with 21-day mesocycles in my next post.
While the nominal Dow begins at 39 points in our chart, adjusting for inflation brings its real value up to 1,426 points. One thing to notice is just how long most secular market cycles are. The average length of all modern secular cycles is 194 months, and the median length is 200 months. That's a little less than 17 years -- about the amount of time needed for a new generation of investors to mature and enter the market.