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Glenn Neely Neowave Prediction today


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#11 inamosa

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Posted 17 June 2009 - 08:55 PM

I'd go with da chief over this call here frankly.


He's that bad, eh :lol:
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months

#12 IndexTrader

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Posted 17 June 2009 - 09:44 PM

I've seen Neely make some amazingly bad calls. I guess he's been right recently. Personally though I wouldn't even take a free trial to his stuff. IT

#13 NAV

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Posted 17 June 2009 - 10:02 PM

His prediction lines up with my thinking. Although i expect SPX sub-500, i am not sure it's gonna happen this year. Neely has his share of correct and incorrect calls. But bottomline, he is a good e-waver, more importantly a good market analyst. Predicting markets is not an exact science. But as long as one is objective, flexible and non-biased and more right then wrong, then i file them in category of good analysts. Neely certainly is one among them.

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#14 NAV

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Posted 17 June 2009 - 10:05 PM

I've seen Neely make some amazingly bad calls. I guess he's been right recently. Personally though I wouldn't even take a free trial to his stuff.

IT



To the contrary, i have seen him make some amazingly bold and right macro calls. He predicted a large plunge back in 2001 and 2002. He was right. He called for a 3-4 bull market in late 2003 and he got it right. He called for a large decline in 2007 and he was right.

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#15 SilentOne

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Posted 17 June 2009 - 10:51 PM

Maybe some of you didn't read the entire article so I'll post the quote again (I think NAV did though).

Glenn Neely is providing this information not as a specific trade recommendation but as a general public service announcement. A prominent Elliott Wave analyst, Neely was recently recognized in Timer Digest's May issue as the #1 stock market timer for the past 12 months


If he's pegged as the #1 stock market timer, he's either doing something really good, or everybody else is doing really bad. :lol:

Enough said ...

Edited by SilentOne, 17 June 2009 - 10:52 PM.

"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain

#16 IndexTrader

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Posted 18 June 2009 - 02:04 AM

His prediction lines up with my thinking. Although i expect SPX sub-500, i am not sure it's gonna happen this year.

Neely has his share of correct and incorrect calls. But bottomline, he is a good e-waver, more importantly a good market analyst. Predicting markets is not an exact science. But as long as one is objective, flexible and non-biased and more right then wrong, then i file them in category of good analysts. Neely certainly is one among them.


My understanding is that you were expecting 500 this year. Did something change?

http://www.traders-t...?...st&p=460121

Either way, it will be a good test of Neely's abilities or lack thereof. I expect him to be wrong by a significant margin.

IT