Glenn Neely Biography
This Glenn Neely biography explores his early career, professional contributions, and the philosophy that shaped his work in market forecasting and trading.
Early Career and Inspiration
Glenn Neely has dedicated more than four decades to mastering and refining market analysis, driven by an early fascination with the Elliott Wave Principle. After reading about the Elliott Wave principle in the 1970s, Neely committed himself to understanding and improving R.N. Elliott’s concepts, combining rigorous study with real-world trading experience. In 1983, he founded the Elliott Wave Institute, now known as NEoWave Inc. Over the years, he developed NEoWave with the goal of making Wave analysis more logical, objective, and reliable than existing methods. In 1988, he published Elliott Waves in Motion, a pioneering work that introduced practical applications of Elliott Wave theory in real-time markets and laid the groundwork for his later rule-based methodology. Building on this foundation, Neely released Mastering Elliott Wave in 1990, a book that provides a disciplined, systematic approach to market structure and price behavior. Mastering Elliott Wave has become a foundational resource for advanced Wave analysis, encapsulating decades of research, teaching, and market observation.
In one of his interviews, Glenn Neely shares common Elliott Wave mistakes by analysts and traders and how to avoid multiple Wave counts and revisions. Glenn Neely, author of Mastering Elliott Wave, says…
- “You can’t have a good trade unless you have a good Wave count. You can’t have a good Wave count if you disregard certain price and time rules.”
- “You either have a trending market or a corrective ‘going-nowhere’ market. They are two separate phenomena, and they should not be combined together.”
- “The beginning of a new trend must be bigger and faster than any lower-degree pattern to confirm that it’s actually a bigger-degree trend.”
Professional Contributions
In 1988, Glenn Neely published an article in CYCLES magazine titled “The Future Course of the U.S. Stock Market: An Elliott Wave Viewpoint.” In it, he outlined a long-term Elliott Wave forecast extending to 2060, suggesting that the Dow Jones Industrial Average could eventually reach 100,000—a prediction that was widely considered controversial at the time. Neely’s work extends beyond theory into practical trading and advisory services. His NEELY RIVER trading technology focuses on creating detailed, low-risk trading strategies with an emphasis on capital preservation. Professionals from money managers to individual traders worldwide rely on his guidance for market forecasting and trade placement. His trading apps, NEELY RIVER Trading technology and Profit Protection developed for TradeStation, have become valuable online trading tools, reflecting decades of research and real-time trading experience.
Recognition and Philosophy
Throughout his career, Neely’s forecasts and analytical work have earned recognition within the financial community, including appearances on CNN, Barron’s financial investment news and frequent rankings in Timer Digest’s listings of top market forecasters. His approach reflects a lifelong commitment to objective market analysis and teaching, blending technical rigor with practical insight to help others understand and navigate financial markets.
Learn more about his development of NEoWave and NEELY RIVER at NEoWave.com