Ride the Neely River

We are approaching the moment when the Lights Out bearish view works, or the Surge or DIe! bullish view emerges.  I am finding that Neely's NeoWave service is doing a great job of following the twists and turns tightly, especially for those of you gearing up to short.  The Neely River is more fluid than the STU prime and alt counts, and provides a good alternative veiwpoint day by day in periods like this.  As Zoran used to say, the market seeks order, and then makes its impulsive move.  Right now were are seeking and have not yet found.  As each day goes by the Bulls get more cocky.   This is a good time to sample Neely and see for yourself.  We are approaching a turn date (which I gleaned from various sources, but not from Neely or Prechter) next Tuesday after the three day weekend. 

Comments

[Ronnie]

Hi Yelnick,

I really enjoy reading your blog and check for updates daily via RSS feed.

Reading your archive postings, I learned about the late Zoran Gayer and have also studied some of his analysis on safehaven.com.

In your earlier posts, you mentioned that before Zoran's death, you were helping him organise and commercialize his ideas about incorporating chaos theory into Elliott wave theory. Is that still ongoing now ?

Where can we learn more of his idea of bifurcation point. Perhaps, you could elaborate a little bit.

Thanks a lot.

Regards,
Ronnie Minhas

[yelnick]

Ronnie, the project unfortunately died with Zoran. Some of his thinking is in my older posts. You might start with this category:
http://yelnick.typepad.com/yelnick/elliott_wave_theory/index.html

and scroll down. Zoran contributed several explanations of his thinking, e.g.:

http://yelnick.typepad.com/yelnick/2004/05/zoran_bifurcati.html

[Dow Predator]

To all,

Neely Garbage River is just that...garbage. Do not waste your time and money trying his service. The best answer you will get from Gleen "Loser" Neely if you ask him a question is a: F@CK @FF!!...as I did many months ago!.

I warned you guys earlier this week. The Market is going up. And we are more than 350 points higher since my bullish call.

Remember guys I also warned you 2 days after the Oct 11 top. As long as Monday´s lows hold...we are on our way to all new-time highs.

Trust the Dow Predator. I trade what I see, not what I believe...because I use Oscillators along with Elliott Wave!! That is what works!

Dow Predator

[best trader]

dow jones will go 9500 the first haf of the year :)

[best trader]

dow jones will go 9500 the first half of the year :)

[Mark Lytle]

I have just posted a snapshot of a developing bearish wedge forming on the $NDX and $Indu...looks like tomarrow could be rough....

[wavechart.com]

STU is not as certain tonight as it was on Monday about a collapse from here...now waiting for "confirmation". Current pattern as I see it: DJIA rallies above 12767...pulls back...then explodes to new highs. Dow Predator seem to be on the same page. Hey, Dow Predator...contact me at [email protected] to chat about the market.

[EWT Trader]

Steve Hochberg sometimes lacks the courage of his own observations. It's a weakness of his, granted.

But I've done my own analysis. Just check out 240m chart in tonight's STU. It tells you everything you need to know. Clear and undeniable 1-2,i-ii pattern. Fib vertical retracement and Fib horizontal symmetry complete. Nominal trendline oscullation condition satisfied. Giant, nested head-and-shoulders patterns hanging over the entire market like swords of Damocles. And a few more trade secrets which I'm going to keep to myself.

The point is, if you're a bull, that 240m chart should give you an intense feeling of vertigo. If not you're just not LOOKING at it. Or, you don't WANT to look at it.

The whole market is going down. Hard.

[EWT Trader]

And there's also the bearish wedge (which Mark mentioned). Yet another confirmation which is in ALL the indices. This is pervasive guys. Don't be in denial.

[wavechart.com]

FYI...the declines labeled (1) and 1 by Hochberg are NOT 5 waves. If you examine them closely they are threes. The weekly chart confirms this. If you think they subdivide into fives, you really don't understand proper EW counting and fractals.

[Wave Rust]

Agreeing with wavechart. Get some titanium balls to buy the low on Tuesday; brass ones won't do!

[EWT Trader]

You're shitting me. You're serious? Dude you buy on Tuesday you're going to get your fucking head handed to you.