A research and advisory firm located in Aliso Viejo, California. Founded by Glenn Neely in 1983, the Institute has developed innovative approaches to technical analysis for market, economic and social forecasting. The origins of Mr. Neely's research stem from the work of R. N. Elliott and his famous Wave Principle - a theory of market behavior that attempts to quantify each stage of an economic cycle into specific patterns of psychology. Neely gives a thorough method for applying the Wave theory based strictly on price action, carefully guiding you from analyzing individual swings, to grouping them correctly into wave patterns. Once you have a workable count, it is possible to embark on low risk, high profit trading. After being exposed to the Elliott Wave principle in 1982, Mr. Neely began to discover many new concepts that dramatically improved the accuracy of Wave analysis and enhanced one's ability to apply Wave theory under real-time market conditions. In the late 80's, following more than six years of research, Mr. Neely compiled all of his numerous discoveries into his now classic book, "Mastering Elliott Wave". Some 70 years after R.N. Elliott's original discoveries, Mastering Elliott Wave presents the first, scientific, objective, step-by-step approach to wave analysis ever devised. Now, after more than 20 years of research, training and real-time trading, Mr. Neely's pioneering techniques and sequential form of market analysis have collectively become known as NEoWave Technologies.
