November 10, 2008 - The U.S. stock markets have imploded in a historically volatile bear market, but this bear market unfurled as predicted by Glenn Neely, founder of NEoWave Institute and regarded as the premier Elliott Wave analyst. Hear Neely present a step-by-step review of his 2008 stock market analysis and forecasts for the S&P 500 - and the accurate results - in an interview with Ike Iossif, owner of Aegean Financial Research and Analysis and host of "Marketviews with Ike Iossif & Friends."
Click the following link to hear Glenn Neely's 20-minute interview, recorded on October 4, 2008: http://www.neowave.com/company-oct2008interview.asp
Glenn Neely's October 4 interview provides a chronological review of key NEoWave S&P forecasts from January through September 2008. The forecasts illustrate how his revolutionary and advanced NEoWave technology anticipated this significant, ongoing bear market. Neely's NEoWave analysis presented a singular bear-market scenario for the entire year with uncanny accuracy - unlike many orthodox Elliott Wave analysts, who offer simultaneously contrasting bull and bear scenarios.
In fact, in January 2008 - well before the current financial turmoil, bank failures, and government bailouts - Glenn Neely warned thousands of investors and traders around the world the 6-year bull market was over and to prepare for a significant, long-term bear market. On June 6, 2008, Neely publicly warned: "The world as we know it is about to change. ... This bear market will be like nothing we have experienced in 75 years! The odds are high it will be a severe, deflationary recession that will unfold very swiftly - probably in just 6-12 months, but no longer than 18 months! Financially and economically speaking, there will be few places to hide. Merely having cash in hand will put you in a better position than most."
Neely's interview concluded with a startling, new forecast for the S&P to experience its "fastest and largest vertical decline" - this forecast came true in just 1 week.
In an excerpt from the October 4, 2008, interview with Ike Iossif, Neely concluded with the following forecast: "The current situation, short term, does not look good. The S&P is setting up for a final plunge. The S&P will move from the current level [1108 on Friday, October 3] and, sometime in the next week or two, will begin its fastest and largest vertical decline since 2001. NEoWave charts for the S&P show the final phase of an expanding E-Wave triangle. We should go through the final, scariest vertical collapse within the next two weeks, breaking 1000 - this will be a cataclysmic, scary event." This forecast hit the mark: The S&P plunged 271 points from the close on Friday, October 3, to a low of 837 on Friday, October 10 - just 5 trading days later.
In the interview, Glenn Neely continued with this longer-term forecast: "This is simply the first phase of an ongoing bear market. We still have a lot more to go. Don't think the worst is over yet. We'll be in big trouble over the next 1 to 2 years." While Neely's forecast may seem dire, traders and investors who follow NEoWave trading and forecasting reports can protect their investments and even make profits in this bear market.