January 22, 2010
News: NEoWave's Glenn Neely Forecasts Looming Market Top - Multi-Month Decline On Horizon
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
About Glenn Neely and NEoWave Institute
Glenn Neely, who is internationally regarded as the premier Elliott Wave analyst, founded the Elliott Wave Institute in 1983. In 1990, Neely published his advanced Wave analysis process in his now-classic book, Mastering Elliott Wave. In 2000, Neely changed the name of his research and advisory firm to NEoWave Institute to differentiate his scientific Wave analysis technology from orthodox, subjective Elliott Wave analysis, which is frequently nebulous, inaccurate, and constantly fluid.
What is Elliott Wave? In the early 1930s, Ralph Nelson Elliott presented his theory of market behavior, which quantifies each stage of an economic cycle into specific patterns of mass psychology. Glenn Neely has devoted more than 25 years to mastering and advancing the concepts of Wave theory. Neely refined Elliott Wave theory to make it objective, practical, and consistently accurate, producing his now-famous NEoWave technology. This precise, step-by-step assessment of market structure leads to low-risk, high-profit investing and trading. Orthodox Elliott Wave, devoid of such technology and rules, typically leaves the analyst with ambiguous interpretations, seriously flawed results, and dual-directional forecasts.
Today, decades after R.N. Elliott penned his original theory, countless investors and traders trust Neely's revolutionary, step-by-step NEoWave approach to market analysis. Devotees of NEoWave Institute and Glenn Neely are reaping the rewards of low-risk, high-profit investing. Learn more about Glenn Neely and NEoWave Institute at https://www.NEoWave.com