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Written by Glenn Neely
Author of Mastering Elliott Wave, founder of NEoWave and a pioneer in Elliott Wave analysis
You may be familiar with this humorous quip: "It's deja vu all over again." Interestingly, that is exactly how I'm feeling right now! Let me explain ...
Why I was a "Lone Wolf" in 1988
To set the stage, think about the devastating stock market crash of October 1987. In a single day now known as Black Monday (October 19), the Dow Jones Industrial Average fell 22.6% and the S&P 500 dropped over 20%. It took two years for the US stock market to fully recover. (For perspective, the Dow closed on that fateful day at 2,412 points; compare that to the record-setting intraday high of 54,744 on August 5, 2026.)
For many years following the crash, traditional Elliott Wave forecasters were stubbornly Bearish, publishing one bleak forecast after another. But my NEoWave forecasts were telling a different story - an incredibly Bullish story! In 1988, I was the "Lone Wolf" regarding the future of the US stock market. I was the ONLY Wave analyst (most likely the only analyst in the world) who was calling for a 70-year Bull market that would push the Dow above 100,000 and that would NEVER break the 1988 low again.
At the time, I was riduculed, but as you know, this forecast turned out to be correct! The Dow only needs to double one more time in the next 35 years to reach my target: 100,000 by the year 2060. (Read my "Dow 100k" forecast, complete with Wave charts.)
Why I am a "Lone Wolf," once again, in 2026
I am the ONLY Wave analyst calling for a powerful, relentless Bull market that will cause the S&P 500 to quadruple from current levels in just 10 years!
Again, I am diverging from the majority concensus. It feels like "deja vu all over again" because the traditional Elliott Wave camp is, once again, calling for a virtually end-of-the-world Bear market. While they are repeatedly warning of a dire future, my NEoWave forecasts are showing that we will experience a POWERFUL, decades-long BULL market. I am super-Bullish, while they are super-Bearish. That's why I am referring to this as the Wave Theory SHOWDOWN OF THE CENTURY.
Soon, there will be a defining moment in the Showdown of the Century. This is the point where the 40-year orthodox Elliott Wave analysts will no longer be able to explain the size and speed of the market's advance anymore and will have to totally change their outlook. What will they change it to? They will have to step in line with NEoWave's super-Bullish forecast! Read more about the "Showdown of the Century," complete with Wave charts.
Why being the "Lone Wolf" is a good thing
NEoWave is a far more precise approach to forecasting than traditional Elliott Wave (resulting in forecasts that can be quite different and far more accurate), so I have often been a "Lone Wolf" in my 40+ years as a Wave analyst. In fact, I'm reminded of a passage from the first chapter in my book, Mastering Elliott Wave. In this passage, I offer advice for both beginner and experienced Wave analysts, which seems quite fitting now:
"Profitable application of Wave Theory requires a mentality divergent from the norm. To accurately call market turning points demands you buck the crowd precisely at the time the majority is most convinced an event will occur. You may possibly even be ridiculed for your beliefs, one of the most reliable signs your analysis is correct." (Read Chapter 1 of Mastering Elliott Wave FREE.)
Sincerely,
Glenn Neely
NEoWave, Inc.
www.NEoWave.com
Read Mr. Neely's article, titled "The Future Course of the U.S. Stock Market: An Elliott Wave Viewpoint," which steps through his 72-year stock market forecast. When you read the article, you can track the Dow's progress from 1988 to present day, along with Mr. Neely's forecast all the way to 2060.
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Glenn Neely's classic book, Mastering Elliott Wave, is available on Amazon (hardcover & Kindle), Barnes & Noble (hardcover & Nook), and Apple Books (digital).
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