NEoWave News
August 10, 2010

News: Glenn Neely Reveals Specific Trading Strategies For Today's Difficult Markets

NEoWave Founder Discusses the Three Phases of Every Market and the Best Trading Techniques for Each

August 10, 2010 - In his new audio interview, Elliott Wave expert and NEoWave founder Glenn Neely advises on specific trading strategies to survive the current challenging market. Based on his 25 years of trading and forecasting experience, Neely describes the three phases of all markets, and he provides advice on the best trading strategy to employ in the current market phase. The three market phases are: Bottoming/Topping, Accumulation/Distribution, and Trending (up or down).

"The current phase of market action is most likely Distribution," Neely explains. "We've rallied significantly off 2009's low, and since January 2010 the market has been forming a top." What type of strategies should traders use during this Distribution phase? "The focus should be ‘selling into strength' as the market prepares for a top over the next few months. In this period, overbought and oversold indicators work the best. Look for overbought signals to sell into those overbought conditions, with stops above the market. Get out of your short positions when the market is oversold. Most important, focus on protecting capital, select trades carefully, and avoid big, risky bets."

What's next? "After the stock market tops, probably before December 2010, we'll start the final - and most treacherous phase - of this bear market, which started at 2007's high," Neely adds. "Keep in mind, a Trending phase can produce the biggest profit potential at the lowest risk, over the shortest period."

Click to hear Glenn Neely's interview

In the next interview of Glenn Neely's "Stock Market Predictions 2010" series, Glenn Neely will introduce his revolutionary Neely River Technology. Neely River focuses on how to manage trades in an unpredictable market environment - how to enter positions, move stops, and exit positions without requiring any market perspective or forecasting expertise.

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