Interviews with Glenn Neely

October 2008

Hear Glenn Neely's review of all NEoWave S&P forecasts for 2008 and learn how his scientific process anticipated 2008's bear market.

October 2008 Interview with Glenn Neely

As you know, 2008 presented a rocky, steep road for U.S. stock markets. In January 2008 well before the current financial turmoil, bank failures, and government bailouts Glenn Neely warned NEoWave subscribers the 6-year bull market was over and to prepare for a significant, long-term bear market.

On June 6, 2008, Glenn 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."

Hear an overview of Glenn Neely's 2008 forecasts

Listen as Glenn provides a chronological review of all NEoWave S&P forecasts for the past year, from January through September 2008. The forecasts illustrate how his logical NEoWave process anticipated the entire bear market to date. NOTE: Unlike many orthodox Elliotticians, who offer simultaneously contrasting bull and bear scenarios, Glenn Neely's NEoWave analysis presented a singular bear-market scenario for the entire year with uncanny accuracy.

Hear the 20-minute interview with Ike Iossif, recorded on October 4, 2008

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  View Related Charts
1. Monthly Jan 08 Chart 8. Weekly Jun 08 Chart
2. Weekly Jan 08 Chart 9. Monthly Jul 08 Chart
3. Weekly Feb 08 Chart 10. Weekly Jul 08 Chart
4. Weekly Mar 08 Chart 11. Weekly Aug 08 Chart
5. Monthly Apr 08 Chart 12. Weekly Sept 08 Chart
6. Weekly Apr 08 Chart 13. Monthly Oct 08 Chart
7. Weekly May 08 Chart 14. Weekly Oct 08 Chart
All Charts

What will happen next?

In an excerpt from Glenn's Saturday, October 4, 2008, discussion with Ike Iossif, Glenn said: "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." NOTE: 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.

Glenn continues: "This will be the low for the next 3 to 6 months. Everyone will have a sigh of relief, but 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."