NEOWAVE LIBRARY
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10/25/2022

What is the NeoWave Reverse Logic?

Whenever a market has multiple wave count scenarios, which follow all the rules, it tells you something important about that situation. Multiple good Wave counts only exist when a

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10/11/2022

If wave-A (of a Flat) on a monthly chart is shorter in time than wave-B but, on a weekly chart, wave-A is longer in time than wave-B, should the higher time frame still rule over the smaller?

YES because wave-A should never take more time than wave-B in a FLAT. What normally occurs, in such a situation, is what you thought was the end of wave-B (on the weekly chart) bec

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6/5/2022

During national holidays, financial markets are often closed. As a result, the number of bars for such weeks are less than 5. In those situations, do we use the next Monday's data to complete the 5-bar high/low Wave plot OR do we simply plot the high and low of the actual week, even though it is missing a day?

When a week is missing a day (due to holiday or other reason), just locate the highest and lowest points of the week (between Monday and Friday), plot them in the order they occurr

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2/25/2011

Can I use the Time rules (in Chapter 9 of MEW) to allow wave-A of a Flat, Zigzag or Triangle to be equal to the combined times of waves-B and C?

Unlike many questions in this section, this one requires little elaboration. No matter what pattern is forming (a standard Flat, Zigzag or Triangle, or a NEoWave Diametric or Symme

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3/10/2010

You no longer use the term extracting triangle...why not?

In the early 1990's, soon after the release of Mastering Elliott Wave, a host of new patterns began to emerge (Diametrics, Symmetricals, 3rd Extension Terminals, and oddly shaped T

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8/6/2008

When plotting wave charts (as described in Chapter 2 of MEW), what happens if the high or low of the day, week or month occur twice (e.g., a low occurs March 1 and then March 31)?

No matter what time frames you follow (hourly, daily, weekly, monthly, etc), you have only two ways to plot them. If the high or low clearly came first and the trend for that perio

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7/23/2008

In past NEoWave TRADING reports you have talked about market declines being faster than rallies or vice versa. Can you explain how you determine such things?

It is a NEoWave axiom that markets always move the fastest in the direction of the psychological trend (which can be independent of the price trend). For example, if Gold rallies $

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5/9/2007

Is it possible for waves-b and d in a triangle to consume less time than waves-a and c?

This is our first question from Ural, Russia (last time I saw that name was decades ago when I played RISK), sent in by Oleg Shtakan. The simple answer is YES, but only in Expan

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11/29/2006

In other publications I frequently see wave counts such as 1-2, i-ii, 1-2, followed by a 3rd of a 3rd Extension. How come you rarely have that in your NEoWave Chart and Trading services?

NEoWave theory includes many rules and guidelines not found in orthodox Elliott Wave. These rules and guidelines bring a new level of regidity, objectivity, logic, and as a result,

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9/13/2006

We all know how to calculate the "thrust" following a Contracting Triangle, but how does one calculate the "thrust" following Expanding and Neutral Triangles.

Sanjay Vidyalankar of New Delhi India asked this question back in mid August. I've expanded the question to cover all bases. Contracting Triangles produce the most dramatic, po

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2/27/2006

In a Double Three Running Correction, how large can wave-X get?

This question was posed by Mushtaq Khair, a client in Maharashtra, India (there seems to be a great deal of interest in NEoWave in India). The existence of a Double Three Running C

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9/12/2005

If structural conflict exists between a shorter and longer-term chart, which do you trust?

This is a very important question and one that most apply wrong. Precise structural cohesion is NOT necessary between one time frame and the next (i.e, if a Contracting Triangle is

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