NEOWAVE’S GLENN NEELY RELEASES POSITIVE FORECAST FOR REMAINDER OF 2010: S&P TO RALLY NEXT 2-3 MONTHS
Positive Forecast Built on Foundation of
Precise August/September Predictions in NEoWave Services
Precise August/September Predictions in NEoWave Services
September 28, 2010 – NEoWave Institute’s Glenn Neely, internationally regarded as an
Elliott Wave innovator and creator of NEoWave technology, believes the S&P’s near future is surprisingly positive with a probable gain of 75-100 points.
“The S&P will continue to move up or sideways for the next two-to-three months. The market has transitioned into a General Predictability phase, based on NEoWave principles, so I’m now able to map behavior for the rest of this year,” Neely says. This bullish market behavior may take many by surprise, he explains, given the market typically declines in October. “By late 2010/early 2011, the S&P will closely approach – or exceed – the April 2010 high. As a result of increasing valuation, I expect economic conditions to improve for the rest of this year,” Neely says.
Neely built this short-term bullish forecast on his recent, on-target S&P predictions in August and September 2010. As shown on the recently released NEoWave chart, he forecasted a sell-off, quickly followed by a steep uptrend. The dashed-red line on the chart below presents Neely’s recent forecasts (the solid-blue line shows actual market action).
