NEoWave Blog
7/28/2023 - NEoWave Staff

Read Chapter 1 of Mastering Elliott Wave by Glenn Neely

Mastering Elliott Wave by Glenn Neely

The classic book Mastering Elliott Wave by Glenn Neely teaches a revolutionary approach to Wave theory, called NEoWave (advanced Elliott Wave). Mastering Elliott Wave's popularity among wave enthusiasts continues to grow and has not faltered since its publication in 1990. The book continues to be the number-one best seller for the publisher Windsor Books. With Mr. Neely's groundbreaking explanation and expansion of Elliott Wave theory (NEoWave), readers of this book and followers of the NEoWave methodology have gained a comprehensive edge to Wave forecasting for decades. The step-by-step approach in which Mr. Neely explains his advanced techniques and new discoveries is also the reason why this book has remained relevant among trading and invesment publications. Here is your chance to read Chapter 1 for FREE. If you enjoy the chapter and want to learn more, buy the book! – You'll become a better forecaster with it!


As you'll read in Chapter 1, Glenn Neely sought to quantify the many unquantified aspects of orthodox Wave Theory. He writes:

"When I started my studies of Wave Theory, many things appeared to be missing from available literature on the subject. ... Questions like, ‘where do you start a chart, how do you organize charts, and how do you plot price action?' came to mind. This kept me searching for answers. I believed with enough time and work the Theory could be reduced to a scientific approach where all market action could be explained and most future action could be anticipated. My purpose was to eliminate any subjectivity in the analysis process, therefore allowing rational, logical trading decisions to prevail."

Later in Chapter 1, Glenn Neely offers this advice to readers:

"Keep your short-term analysis accurate and the long-term possibilities will usually become evident as they unfold. Once charts are organized on a daily, weekly and monthly basis, the analyst should patiently work with the short-term data until a clearly definable pattern appears. ... Do not try to create count scenarios or force the market into a pattern which would favor your current opinion of where the market should be headed. Let each pattern evolve, then objectively deduce how that pattern, based on the highest probabilities, fits into a grander scheme."

Now, for the first time ever, you can read Chapter 1 of Mastering Elliott Wave here on NEoWave's website. Enjoy!


Glenn Neely author of Mastering Elliott Wave

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D. Schiarra
5 star rating 5 star rating 5 star rating 5 star rating 5 star rating
Made 6-figures from March to October 2020 using NEoWave (aka, MEW)!
Reviewed in the United States on November 3, 2020

I closed my long trades two weeks ago at a high six-figure profit in both our retirement accounts (tax-free for now) and our family's individual investment accounts.

Though I retired from trading in 2014 and was no longer a subscriber to NEoWave forecasting service, a more advanced form of Mastering Elliott Wave, Mr. Neely was considerate enough to warn his current and past clients in March that the markets may be entering the most treacherous investment environment we've seen in the past 30 years and that I better protect my retirement assets accordingly.
I poured all my cash into the markets at the end of March. Using NEoWave (MEW) in April, he confirmed that a new powerful rally in the S&P had started AND it'll break the then-all time high of February. I poured the rest of available cash to various mutual funds. Last August, the S&P did lurch to new all-time highs, as NEoWave forecast.

While I internalized the teachings of Mastering Elliott Wave, I must say it's dated, though still highly relevant/required in my trading. If I were a beginner, I would actually buy the e-book, absorb as much as I can, and then, take NEoWave's Advanced Elliott Wave course. That would be a billion times quicker to learn how to forecast (I don't say, "learn to trade," here, because forecasting and trading are two different things). I profit from MEW because I'm an experienced trader.

I owe much of my wealth to my first purchase of MEW back in 1991 . There is no better general market forecasting method. It's brilliant. I think it's more brilliant now than even before I retired, because I don't second guess it as I did in the past. Glenn Neely still rocks!

This is the time to learn NEoWave (MEW) because the markets are currently in the most predictable 5-year period of the past 40 years. Glenn Neely hasn't mentioned this yet: What follows in 5 years is also going to be the most predictable stock market bull market of our lives---greater than any bull market we've witnessed or studied before.

You can only forecast (with precision) the stock markets for the rest of your life with NEoWave.

Buy the e-book!

Johnny Rico
5 star rating 5 star rating 5 star rating 5 star rating 5 star rating
For the advanced Elliott Wave User..just what I was looking for.
Reviewed in the United States on September 15, 2020

This book is incredibly deep and as people said needs to be digested in smaller parts since it contains so much information. If you're an Elliot Wave user and looking for more advanced methods this is the book for you. Looking forward to implementing all of the rules from this book into my trading.

Duong Vu
5 star rating 5 star rating 5 star rating 5 star rating 5 star rating
Best book on Elliot wave
Reviewed in the United States on March 29, 2019

This is the best book on Elliot wave I ever read. Explains all possible patterns in depth. Provides lots of new concepts of elloit wave I never knew of. Definitely have to read more then once but ever time you read it you understand a lot more.

5 star rating 5 star rating 5 star rating 5 star rating 5 star rating
This is not a novel about some character named "Elliott".....
Reviewed in the United States on July 5, 2013

It IS, however, a major treatise on the Elliott Wave theory, probably the first and only one like this that has ever been written. It is a very good book on a subject that few financial people know - or even care - about, but would or should learn. No, it will not make you a imillion dollars; it WILL help you make better decisions about where a particular stock is going and how soon but it will also take a very long time to digest. This is a book that you read a few pages and then put the book down and spend the next few hours or days digesting what you've read, even going to the charts looking for examples of what you've just read. Robert Prechter wrote a few good books on this subject and this book by Neely is an excellent supplement. I think it's fair to say that books dealing with theories associated with the financial world are very dry and very boring to people who just aren't into the finacial world, and sometimes even more boring to those of us who ARE hooked on the world of finances, securities, and the stock market but be that as it may, if you are deeply into the markets, this is a good one to have on your shelf along side of Robert Prechter's book.


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