This year NEoWave Institute celebrates 25 years in business, an accomplishment for any company, especially one in the futures business. For more than two decades, forecasts have been provided to thousands to earn more and protect their investments from volatile markets.
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. The wave principle posits that collective investor psychology (or crowd psychology) moves from optimism to pessimism and back again. These swings create patterns, as evidenced in the price movements of a market at every degree of trend.
Glenn Neely read about the Elliott Wave principle in 1982 and was fascinated by its implications. Neely then devoted more than 25 years to mastering and advancing the concepts of Wave theory. His NEoWave technology is the result, which provides a step-by-step method to apply Wave theory. This method is based strictly on price action (i.e., no oscillators, indicators, or moving averages are ever employed) and enables traders to analyze individual swings and group them correctly into larger wave patterns. The result is an assessment of market structure and potential that leads to low-risk, high-profit investing and trading.
Neely founded the Elliott Wave Institute in 1983. Twenty years ago, in 1990, Neely presented to the world an 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 traditional Elliott Wave analysis.