History and Background

West Coast Cycles Club

Hi, Tom!

I’ve never heard of the West Coast Cycle Club (sounds like a motorcycle gang), but it appears from this message that your father is a member.

West Coast Cycles Club (WCCC)

Here is the story as best I understand it. The Foundation for the Study of Cycles was incorporated in 1941 by Edward Dewey, who was one of the guys tasked by Roosevelt to figure out why there had been a crash and depression. He was an exceptionally gifted cycles analyst, and wrote extensively on the topic of the cross-linking of seemingly independent cycles which turn out to have the same periods, whether they be in nature, the cosmos, the financial markets, society at large, or whatever. An oft-cited example is that increased rainfall leads to more grasses growing, which leads to higher birth/survival rates of rabbits, which leads to higher populations of cougars, but each with a lag time in the response. The point is that rainfall is correlated to cougar populations, but not in real time.

In the 1980s, the Foundation was headed by Richard Mogey, and located in Irvine, CA. Somewhere along the way, it had become a regular thing to have a meeting every month at their offices, and they eventually figured out how to have a catering company bring in sandwiches for everyone.  An overhead projector and screen came out, and the subjects of cycles and technical analysis (TA) in general were discussed, with attendees presenting pot-luck TA work. It was a pretty cool group.

Richard Mogey became more interested in the McClellan Oscillator and Summation Index beginning in February 1988 when Sherman McClellan attended at a meeting in Irvine and declared that the crash of 1987 was not going to lead to a further decline as had occurred in 1930-32. That was based on the Summation getting back above +2000 in February 1988 which was the (correct) signal for a new bull market to begin.  Mogey later hosted a couple of seminars involving Sherman and Marian McClellan's work with the McClellan Oscillator and Summation Index.

The monthly luncheon meeting tradition changed when the Foundation's headquarters were moved to Pennsylvania, to link it up with the University of Pennsylvania.  The extensive library made the move east.  The group of regular luncheon attendees were left sort of hanging, and decided to form their own group to fill the void, and that is how the West Coast Cycles Club came to be. 

The West Coast Cycles Club (WCCC) meets the last Tuesday of the month except for November & December. No November meeting. December's meeting is the second tuesday to avoid holiday conficts.   The mutual fund timers meet before lunch and the cycles section does presentations after lunch. which is served from 12:30 to 1:00.

The meetings are at the Holiday Inn Hotel, 7000 Beach Blvd., Buena Park, CA, which is located just north of the 91 Freeway on the east side of Beach Blvd.  The morning session runs from 11:00 am to 12:30 pm and generally covers subjects of interest to investors who use market timing, charting and technical analysis, but also covers subjects of general interest.

A very good lunch is served from 12:30 to 1:00 pm cafeteria style. 

The afternoon session runs from 1:00 to 3:00 +/- pm and features Alex Levitin presenting charts and interpretation from Richard Mogey, Sherman McClellan showing some charts and talking about market conditions.  Pete Gersbacher usually presents his cycle work and occasionally other presenters will give a short talk.

The cost if preregistered by the previous Wednesday is $22.00 and walk ins pay $27.00.
You can preregister by sending an email to wcccinfo2@gmail.com  ( Michael Levitin). Details of the meetings are posted at westcoastcyclesclub.com.

As for the Foundation, it foundered for a while, and eventually went defunct when Mogey did not want to be Executive Director any more, and when Martin Armstrong got arrested. Do a Google search for details of that story. Its library ended up finding a home with the Market Technicians Association  in NJ for a while. A new guy in New Mexico named David Perales is working to stand the Foundation back up again with the help of Richard Mogey and others.  You can read more at the Foundation's web site.