Dramatic April Forecast by NEoWave’s Glenn Neely Plays Out as S&P Reels in August
On April 1, 2011, in his Forecasting newsletter to NEoWave subscribers, Glenn Neely clearly warned his customers the S&P 500 was about to peak and was ready for a serious decline.
Aliso Viejo, CA (PRWEB) August 16, 2011
On April 1, 2011, in his Forecasting newsletter to NEoWave subscribers, Glenn Neely (Wave theory expert and founder of NEoWave Institute), clearly warned his customers the S&P 500 was about to peak and was ready for a serious decline. An expert trader and forecaster with a track record of accuracy, Neely is recognized as a Top 5 S&P Trader in the current issue of Timer Digest.
Glenn Neely has been warning NEoWave subscribers of a drastic decline for several months. In fact, his February 22 announcement to NEoWave customers stated, “NEoWave warns a new downturn (lasting 1- to 2-years) is beginning. The most likely justification for this future market decline will be severe financial problems for federal, state and local governments.” While no one was thinking of government financial crisis at the time, Neely’s February warning seems prescient given news in the last 2 weeks.
The S&P topped May 2 at 1367.5, with a secondary peak July 8 at 1354.5. Since early May, the S&P has plummeted 21% off its peak. In his Trading newsletter, Neely advised subscribers to short the S&P right before rout. “The recent decline in the S&P suggests wave-D is going to be a contracting Triangle,” Neely explained in his most recent Emergency Update. “The first phase of such patterns is large, violent and hyper-emotional, and the final “Ëœpanic’ phase probably has not occurred yet.” Neely added this warning: “The next few weeks could be some of the wildest we’ve ever seen.”
Neely’s April 1, 2011, NEoWave Forecasting newsletter for the S&P included the attached chart, illustrating his dramatic prediction of the recent meltdown. (The solid-blue line represents actual market activity while the dashed-red line represents Neely’s forecast.)
Glenn Neely’s S&P Forecasting chart, published to NEoWave subscribers April 1, 2011.
About Glenn Neely and NEoWave Institute
Glenn Neely, internationally regarded as the premier Elliott Wave analyst, founded the Elliott Wave Institute in 1983. In 1990, Neely published his advanced Wave analysis process in his now-classic book, Mastering Elliott Wave. In 2000, Neely changed the name of his research and advisory firm to NEoWave Institute to differentiate his scientific Wave analysis technology from orthodox, subjective Elliott Wave analysis, which is frequently nebulous, inaccurate, and constantly fluid.
What is Elliott Wave? In the early 1930s, Ralph Nelson Elliott presented his theory of market behavior, which quantifies each stage of an economic cycle into specific patterns of mass psychology. Glenn Neely has devoted more than 25 years to mastering and advancing the concepts of Wave theory. Neely refined Elliott Wave theory to make it objective, practical, and consistently accurate, producing his now-famous NEoWave technology. This precise, step-by-step assessment of market structure leads to low-risk, high-profit investing and trading. Orthodox Elliott Wave, devoid of such technology and rules, typically leaves the analyst with ambiguous interpretations, seriously flawed results, and dual-directional forecasts.
Today, decades after R.N. Elliott penned his original theory, countless investors and traders trust Neely’s revolutionary, step-by-step NEoWave approach to market analysis. Devotees of NEoWave Institute and Glenn Neely are reaping the rewards of low-risk, high-profit investing. Learn more about Glenn Neely and NEoWave Institute at http://www.NEoWave.com.
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For the original version on PRWeb visit: http://www.prweb.com/releases/prwebdramatic-april-forecast/plays-out-in-august/prweb8716272.htm