January 22, 2010 - NEoWave Institute's Glenn Neely, the architect of the NEoWave method of stock market forecasting, believes the S&P 500 is forming an important top and is preparing for a multi-month decline.
"Due to the substantial advance following March 2009's low, many investors and analysts believe the worst of the economic downturn has ended. However, based on NEoWave theory, the opposite appears to be underway," says Glenn Neely. "The relentless, almost illogical advance of the past 10 months is coming to an end. This pending top will be followed by a significant 3- to 6-month decline, retracing 60 to 90% of the 2009 rally." To confirm this analysis, Neely points out the cash S&P must break 1100 in the month of January.
Neely has been recognized by Timer Digest in the past 12 months as the #1 S&P market timer and #1 Gold timer. For more than a decade Neely's NEoWave Trading Services, which employ an advanced form of Elliott Wave analysis, have consistently ranked in Timer Digest's Top 10 list of most accurate.
In addition, Neely recently formed a NEoWave-based investment management company - Neely Investments LLC - to manage and direct private funds globally. Based in New York, Neely Investments is the culmination of his 25-year career of successful forecasting and trading advisory services. Given the unsettled market, Neely trades primarily with Exchange-Traded Funds (ETFs) to quantify risk and control costs, with an eye toward absolute returns, independent of current market trends.
Neely Investments has partnered with Emerson Equity LLC, a registered investment advisor and broker dealer, to offer a series of NEoWave-based private investment funds. To receive information on NEoWave-based private investment funds, contact Emerson Equity at:
Emerson Equity LLC
Attn: Robert Steger
A Registered Investment Advisor
Member FINRA and SIPC