Early 20th century ...
R.N. Elliott’s discovery
The
Elliott Wave Principle, named after its discoverer, Ralph Nelson Elliott, describes how groups of people behave (also known as crowd psychology) in a market environment. Throughout the 1930s, Elliott developed his Wave Principle, postulating the idea that undulating investor psychology manifests as fluctuating price movements, or what he called waves. Elliott realized traders’ actions were not erratic or chaotic; instead, their buying-and-selling activity formed identifiable price patterns, which reflected various stages of mass psychology. Elliott theorized that each pattern (or wave) became part of a larger, incomplete whole. The goal was an identification process to pinpoint a market’s current position. When one wave completes, it always becomes part of a larger, incomplete whole. Therefore, the ability to identify a market’s current position automatically provides the ability to predict future behavior for a specified time. Unfortunately, Elliott’s original theory lacked the logic, structure, and behavioral limits to accomplish his revolutionary vision.
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The 21st century ...
NEoWave – Advancing the field of Wave theory
Glenn Neely has devoted three decades to advancing the concepts originally discovered by R.N. Elliott. The resulting technology, now called NEoWave, produces the first scientific, objective, and logical approach to Wave analysis. This precise, step-by-step process leads to stable, dependable Wave structure that allows for more consistently accurate market forecasts.
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The same way calculus elevated mathematics beyond algebra and trigonometry, the logical, self-defining limits and self-confirming aspects of NEoWave raise the field of wave analysis above the realm of speculation and opinion and into the realm of science and fact.
The three core elements of Elliott Wave are:
- the Fibonacci number series
- pattern recognition
- the Golden ratio (.618)
All three elements have a "forecasting" or "anticipatory" aspect, in which the analyst is expecting the market to move up or down a certain number of "waves," which adhere to a predictable design and have specific relationships.
The three core elements of NEoWave are:
- Logic (for example, a strong correction must yield a powerful move)
- Self-defining (a smaller degree pattern cannot take more time and price than a larger degree pattern)
- Self-confirming (strict requirements for post-pattern market behavior to determine whether your prior structural analysis was correct)
Because orthodox Elliott Wave lacks these advanced, NEoWave concepts, traditional Elliott Wave analysts frequently find themselves unable to determine which of multiple, contradictory wave counts, is the correct scenario.
For example, in 1988, Glenn Neely was one of the only bullish analysts in the world. At that time, many orthodox Elliott Wave practitioners were extremely bearish (and have remained that way to the present). On the other hand, Mr. Neely's bullish, long-term forecast stood alone and was heavily ridiculed. It was the logic of NEoWave that allowed Mr. Neely to remain so adamantly and confidently bullish on the U.S. stock market, even in the face of overwhelming, negative national and international news.
Later, it was NEoWave that allowed Glenn Neely to turn adamantly bearish on the U.S. stock market near the highs of 2000 and then, two years later, turn bullish again just six months after the 2002 low. Finally, in January of 2008 – once again, despite strong opposition – he turned adamantly bearish on the U.S. stock market. It was NEoWave that gave Mr. Neely the courage to announce in mid-January 2008 that a new bear market began and that there was virtually nothing that could be done to stop the downward, economic spiral wrought by the U.S. stock market for the next 4 to 6 years.
In its orthodox form, Elliott Wave never allows for such dogmatic forecasts. To the contrary, Elliott Wave typically generates multiple, completely contradictory scenarios. The simultaneous existence of bullish and bearish counts is of little value to traders.
With its step-by-step, logical approach, Glenn Neely's NEoWave has transformed –
revolutionized – Elliott Wave. What began as R.N. Elliott's intriguing theory is now a more comprehensive and accurate market analysis and forecasting system.
For questions regarding subscriptions, please contact NEoWave Customer Service at
CS@NEoWave.com.
Or call:
1-800-636-9283 (toll-free in U.S. or Canada)
+949-480-7401 (international calls)
For technical questions regarding NEoWave trading strategies or forecasts, schedule a consultation to speak directly with Mr. Neely.
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Click the following links to learn more about NEoWave and our services:
Click a link to learn more about Mr. Neely:
Mastering Elliott Wave book – The result of years of training, research, and real-time trading, Mr. Neely's revolutionary book presents the first, scientific, objective, step-by-step approach to Wave analysis ever devised.
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Question of the Week – This is an excellent resource and learning tool where you can regularly access new questions, submit your own queries, or search a Library of Past Questions to learn about orthodox Elliott Wave, real-world trading techniques, and the logical foundation of NEoWave.
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Case studies – Access several case studies illustrating Mr. Neely’s highly accurate forecasts.
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Interviews with Glenn Neely – In these thought-provoking recorded interviews, Mr. Neely shares wisdom, predictions, and insights from his 30 years in the futures business.
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NEoWave Consultation – For a limited time each week, Mr. Neely is available to answer your questions, provide guidance, and offer individualized advice regarding your unique trading or forecasting situation.
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Professional Trading Course – This comprehensive real-time trading course, taught personally by Mr. Neely, avoids academic and theoretical discussions of market action and trend forecasting. Instead, this course focuses on the real-world trading techniques required to limit risk, preserve capital, and profit from future market movement.
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NEoWave Consultation – For a limited time each week, Mr. Neely is available to answer your questions, provide guidance, and offer individualized advice regarding your unique trading or forecasting situation.
Learn more about NEoWave Consultation ...
Professional Trading Course – This comprehensive real-time trading course, taught personally by Mr. Neely, avoids academic and theoretical discussions of market action and trend forecasting. Instead, this course focuses on the real-world trading techniques required to limit risk, preserve capital, and profit from future market movement.
Learn more about NEoWave Professional Trading Course ...
Mastering Elliott Wave book – The result of years of training, research, and real-time trading, Mr. Neely's revolutionary book presents the first, scientific, objective, step-by-step approach to Wave analysis ever devised.
Learn more ...
NEoWave Consultation – For a limited time each week, Mr. Neely is available to answer your questions, provide guidance, and offer individualized advice regarding your unique trading or forecasting situation.
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Your NEoWave Trial delivers two services – Trading and Forecasting updates.
- The Trading Service provides detailed recommendations for hourly and daily futures traders, plus weekly ETF investors.
- The Forecasting Service presents detailed analysis of daily, weekly, and monthly charts.
- Markets followed are the S&P, Gold, T-Notes, and Euro currency.
- All updates are sent via email. Historical updates can be accessed through our website.
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The $39 Trial Service lasts 2 weeks. With this special offer, you receive ALL NEoWave Forecasting and Trading updates – the same updates our clients receive – over a 14-day period.
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The 2-week Trial is designed as an introduction for those who have never been a NEoWave customer. If you are having trouble signing up, it is likely you have subscribed to at least one NEoWave service (including the Trial Service) within the last six months.
Glenn Neely read about the Elliott Wave principle in 1982 and was fascinated by its implications. Wave theory captured his imagination! He has devoted 30 years to mastering and improving Wave analysis.
Mr. Neely invested many years in refining
Elliott Wave theory to make it objective, practical, and consistently accurate. These efforts produced his now-famous NEoWave technology – a precise, step-by-step assessment of market structure that leads to low-risk, high-profit investing and trading.
In 1983, Mr. Neely created Elliott Wave Institute (now NEoWave, Inc.), which offers forecasting services and individualized training courses. In 1988, Mr. Neely published his advanced technologies in
Mastering Elliott Wave, now regarded as a classic.
Learn more about Glenn Neely...
Since 1981, Glenn Neely has devoted his career to mastering the Elliott Wave theory. In fact, his revolutionary
NEoWave technology is the result of his three-decade commitment to perfecting Wave analysis and forecasting.
Due to his enviable track record of long-term market forecasting accuracy, Mr. Neely is internationally regarded as a premier Wave expert. (Mr. Neely’s forecasting and trading strategies are consistently ranked in Timer Digest's top 10 rankings.)
Mr. Neely's NEoWave technology provides a precise, step-by-step assessment of market structure, which leads to low-risk, high-profit investing and trading.
These advanced technologies are now taught in exclusive, private courses in which traders learn the skills of professionals to improve their bottom line.
Recently, Mr. Neely launched Neely Investments LLC to manage and direct private funds globally.
Learn more about Glenn Neely...
View Trading Service performance
View Top Timer recognitions
Learn more about Neely Investments
For technical questions regarding NEoWave trading strategies or forecasts, schedule a consultation to speak directly with Mr. Neely.
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While trading and forecasting are risky endeavors, we want customers to be satisfied with the information in our NEoWave services. To achieve this, NEoWave offers a satisfaction guarantee. In the first 30 days, if you are not pleased with a product or service, you can request a full refund. After 30 days, refunds for all Trading and Forecasting Services are available on a pro-rata basis.
The NEoWave Trading Service provides precise, detailed entry and exit recommendations for the S&P, Gold, T-Note, or Euro currency markets. The overarching goal of all strategies is long-term profits while keeping risk low.
Service details:
- Hourly, daily, and weekly recommendations released (by email) every week with occasional emergency updates.
- Each update provides strategies for hourly, daily, and weekly traders.
Here’s a sample of what you’ll receive:
Click to Enlarge
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NEoWave follows these Futures markets:
- S&P 500
- Gold
- T-Notes
- Euro currency
In addition, for longer-term traders or investors, the Weekly section of our Trading service provides
Long trades for these equity ETFs:
And provides
Short trades for these equity ETFs:
Hourly, daily, and weekly recommendations released (by email) every week with occasional emergency updates. Each update provides strategies for hourly, daily, and weekly traders.
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NEoWave follows these futures markets: S&P 500, Gold, T-Notes, and Euro currency. The price for each market follows:
| Duration |
Price |
| 12 months |
$300 |
| 1 month |
$30 |
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All NEoWave Trading Services provide recommendations for both Futures and ETF markets. Exchange Traded Funds (ETFs) trade just like any stock, so you can trade them with almost any amount of money. The ETFs we recommend are non-leveraged, which makes them great for our risk-averse clients and for those with limited investment capital.
Unlike ETFs, U.S. Futures exchanges operate on “margin accounts.” Before you can enter a trade, a minimum capital balance is required. Margin levels range from $2,000 to $7,000 per contract; please check with your broker. For safety and proper risk management, NEoWave recommends all customers deposit at least 5 times (and preferably 10 times) the margin required to initiate any trade.
For those new to the markets, many NEoWave customers subscribe to our Trading Services simply to learn proper market entry, exit, and stop-placement techniques. Commonly called “paper trading,” this activity does not risk any capital.
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If you prefer short-term trading, which is addressed in the Hourly and Daily sections of our Trading Service, a working knowledge of Futures markets is a must. If your trading focus is more intermediate or longer-term, comfort with equity markets and ETFs is necessary.
While a significant number of our customers are highly experienced or professional traders, following Mr. Neely’s trading advice to-the-letter requires little additional knowledge. If your comfort level with markets is low, or your experience is limited, you may simply want to use our Trading Services to learn how an expert enters various market environments, places stops, controls risk, etc. This process is commonly called “paper trading” and is a way to learn without risking your hard-earned capital.
If you are a beginner trader or simply want to test drive the NEoWave services, consider starting with the $39 Trial Service.
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Sign up for a 2-week, $39 Trial Service. With this special offer, you receive ALL NEoWave Forecasting and Trading updates – the same updates our clients receive – over a 2-week period.
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The NEoWave Forecasting Service is an educational tool designed to teach you NEoWave concepts and techniques to improve your own market analysis.
Service details:
- The Forecasting Service reveals how an expert Wave analyst applies and interprets rules on a real-time basis.
- All updates are transmitted via email.
- Choose from four of the world’s largest markets: the S&P, Gold, Euro currency, or T-Notes.
- Daily-Data charts for each market are released every Friday.
- Weekly-Data charts for each market are released the second Wednesday of each month.
- Monthly-Data charts for each market are released the first Monday of each quarter. (January, April, July, October)
Here's a sample of what you'll receive:
Click to Enlarge
Learn more about NEoWave Forecasting Service ...
NEoWave follows these Futures markets:
- S&P 500
- Gold
- T-Notes
- Euro currency
Excluding U.S. holidays, all updates are transmitted via email on the following schedule:
- Daily-Data charts for each market are released every Friday.
- Weekly-Data charts for each market are released the second Wednesday of each month.
- Monthly-Data charts for each market are released the first Monday of each quarter. (January, April, July, October)
Choose from four of the world’s largest markets: the S&P, Gold, Euro currency, or T-Notes.
Learn more about NEoWave Forecasting Service ...
Learn from Mr. Neely's 30 years of technical and analytical experience. The purpose of this service is to teach you how to properly apply Elliott Wave concepts and NEoWave logic to real-world price charts. Over time, this educational experience will dramatically enhance your ability to label and predict markets, in real-time, on a short-, intermediate-, and long-term basis.
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For those simply looking for market direction, no knowledge of Wave theory is required, since Mr. Neely usually plots expected, future price action right on each chart (when possible). If your desire is to learn or improve your understanding of Wave theory, we recommend you purchase Mr. Neely’s book, Mastering Elliott Wave - an extremely useful reference for the various Elliott Wave and NEoWave patterns discussed and dissected in his weekly updates.
Learn more about Mastering Elliott Wave ...
For technical questions regarding NEoWave trading strategies or forecasts, schedule a consultation to speak directly with Mr. Neely.
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The NEoWave Trading Service is ideal for busy professionals (including money managers and brokers) who don’t have time to design their own trading strategies but want expert guidance. This service offers precise, detailed trading instructions with a strong focus on capital preservation.
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View Trading Service performance
In 2009, Glenn Neely and NEoWave Institute formed Neely Investments LLC to manage capital for private investors. Neely Investments has partnered with a registered investment advisor and broker dealer to offer an investment fund.
Located in New York, Neely Investments is the world’s first and only portfolio management firm based on core NEoWave principles. The creation of Neely Investments and the investment fund are the culmination of Glenn Neely’s successful 30-year career in technical innovation and forecasting.
How to request performance data on the investment fund
To comply with U.S. laws, we are allowed to share fund performance only with qualified investors who specifically request this information. Therefore, we invite you to contact
NEoWave Customer Service to request an Accredited Investor form. Once completed and returned, our investment advisor will contact you. If you qualify as an accredited investor, you will receive performance results for the investment fund.
You can view detailed NEoWave Trading Service
performance data on this website. The performance results reveal a consistent record of beating the market since 2007. The net of all Daily and Weekly NEoWave Trading service recommendations from January 2007 through July 2011 was more than $172,000. A NEoWave customer – following all NEoWave Trading Service recommendations for those 4½ years – would have experienced a 400% return on starting capital (assuming 1 Futures contract per recommendation and a starting balance of $40,000).
While many stock market advisors do not follow up on past recommendations (especially their bad calls) or publish a track record, NEoWave regularly updates trading performance that is readily available to customers and the general public. View the detailed Excel spreadsheet, plus 7 companion charts showing accumulated, yearly and individual market performance for every Daily and Weekly NEoWave trade recommendation since January 2007 for the S&P, Gold, Notes, and Euro currency.
View Trading Service performance
Timer Digest, a highly-respected online publication, ranks stock market forecasters and analysts relative to other technical trading professionals. For nearly 2 decades,
Timer Digest has consistently placed Glenn Neely in its list of Top S&P, Gold, and Bond Timers.
Click to view a list of recent and past highlights, which establishes Mr. Neely's impressive performance relative to other leading technical analysts.
View Top Timer recognitions
Here is Mr. Neely's response: "Since 1982, I have never considered producing such a product. Why? It is a waste of time. Over time, Wave theory grows, expands, and evolves, yet computers cannot reason or adapt. In 1987, when I started writing Mastering Elliott Wave, market behavior and pattern development were very different than they are now. I could have hired a team to code every rule and concept back then, but market behavior changed in the late 1990s, which produced new, more complex, and unusual patterns (for example NEoWave Diametrics, Neutral Triangles, Symmetricals, 3rd Extension Terminals, and other pattern variations not discovered prior to writing Mastering Elliott Wave). Consequently, after years of tedious work to 'finish' the software product, the programming team would have to begin again in order to teach the computer to adapt to new Wave patterns and behavior. This phenomenon would continue ad infinitum.
"On the other hand, the human mind can extrapolate, interpolate, induce, deduce, reason, brainstorm, curve fit, rationalize, and adapt very quickly. For that reason, if you take the time to learn and understand the basics of Elliott Wave and the advanced logic and confirmation rules of NEoWave, you can – on the fly – adapt and logically combine information in new and complex ways (ways that a computer never could). As a result, spending the time to learn NEoWave concepts is easier, more efficient, and more effective than spending years trying to train a computer to understand, interpret, label, and forecast based on past standards of behavior."
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