Upon graduation from Boston University Law school, Peter Eliades moved to New York City where he entertained as a singer and pianist in Manhattan cabarets and off-Broadway musical comedy. In 1967, he moved to Los Angeles and continued his musical career. In 1968, with a lot of time and curiosity and a little money, Mr. Eliades initiated his stock market studies.
In 1972, he began his financial career as a stock-broker and appeared as a stock market analyst on Los Angeles television station KWHY, the nation’s first financial TV station. Several times in the fall of 1974, he predicted on KWHY that a major market bottom would occur during the week of December 9-13, 1974. The exact Dow low of 570.01 occurred on December 9, 1974. Publication of Stockmarket Cycles began in July of 1975. In 1985, the first year he was rated by the independent rating services, Mr. Eliades earned the Timer Digest’s "Timer of the Year" award and placed second in 1986 in a close race which wasn’t decided until the final trading day of the year. In 1989, Mark Hulbert (Hulbert Financial Digest) named Mr. Eliades as the "Most Consistent Mutual fund Switcher" based on Eliades timing signals for the years 1985, 1986, 1987, and 1988. From January 1985 when Hulbert first started rating Stockmarket Cycles, through August 1990, Stockmarket Cycles had the #1 market timing record in the country with a timing gain of 174.3% versus a comparable gain in the Wilshire 5000 Total Return Index of 119%.
Mr. Eliades has been a regular panelist on ABC’s weekly Sunday show, Business World, and has made guest appearances on FNN, CNBC, Wall Street Week, and Nightly Business Report. He has been featured in some of the nation’s most prestigious publications including Barron’s, The Wall Street Journal, Forbes and Futures Magazine among others.
Mr. Eliades’ theory of price movement in the stock market relates to repeating cycles rhythms. Fundamental news has no effect on market timing and affects only long-term trends. In over 16 years of uninterrupted market letters, he has rarely mentioned a fundamental news story in relation to the market. Mr. Eliades’ analysis is 100% cyclically and technically oriented.
Stockmarket Cycles provides market timing for the more important intermediate to long term trends for mutual fund switching. Short-term timing is also provided for stock index futures and index options via the daily telephone updates.