What is NEoWave Analysis?
As Glenn Neely explains on this page, NEoWave allows you to address more complicated Wave analysis situations – to be able to predict with more timing precision, more price precision, and more trading precision. It's adding onto the original orthodox Elliott Wave Theory to make it much more scientific, useful, objective, and accurate. Mr. Neely then offers a brief synopsis of each chapter in his book, Mastering Elliott Wave
. Next, Mr. Neely addresses benefits that NEoWave offers over orthodox Elliott Wave: "NEoWave will help you get rid of alternate scenarios and reduce confusion. Orthodox Elliott Wave often allows for multiple scenarios and lots of different possibilities. If you don't know which one to choose, that makes it very difficult to trade. With NEoWave, you can almost always get down to one count, so you know which one you're supposed to be paying attention to, which helps with trading.... With NEoWave, the dramatic increase in rules reduces the confusion – it reduces the uncertainty and nervousness you get when you have multiple counts and you don't know which one to pick."