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I do not know how many of you know Dr. Marvin Appel, but if you use MACD, you'll probably enjoy the interview.
http://marketviews.t...s/Appel/pg1.htm
I must acknowledge, that in the past three years, Glenn Neely has managed to make the "prediction of the year!" In July of 2001 he predicted on my program that "going into September the markets would collapse due to a catastrophic event," and of course 9-11 happened. Then in May of 2002 he said that the "SP is going to experience the fastest and biggest decline since 1987, over the next couple of months' and we got a 30% drop in 6 weeks! Finally, early December 2003, he said that "the SP is about to go almost parabolic in relentless advance that will last into late January" and we got the blow-off rally! He is using his own modified version of Elliot Wave, which I am the least qualified to comment on. But those of you who use Elliot, I think you would have plenty to debate about.
Anyway, here's the latest:
A 16-YEAR CONTROVERSY HAS BEEN REIGNITED!
(Exclusive, 3-PART interview with Glenn Neely)
INTRO
In 1988, Glenn Neely wrote an article for Cycles Magazine that has become - without a doubt - the MOST TALKED about, MOST CONTROVERSIAL and MOST ACCURATE stock market (and Elliott Wave) forecast of ALL TIME!!! With the DOW at 1900, Mr. Neely unequivocally stated the DOW would reach 100,000 before breaking the 1987 crash low! At the time, the DOW was only 200 points from its 1987 crash low, but 98,000 points from Mr. Neely's 100,000 target!!! NO ONE IN HISTORY has EVER made such a BOLD, and so far accurate, stock market forecast - NOT even W.D. GANN, who was famous for such market calls! At the time, Mr. Neely's article brought him such an avalanche of ridicule, condemnation and media attention that you would have thought he shot the Pope. Even titans in the Elliott Wave camp called Mr. Neely an imbecile, pompously proclaiming he didn't know what he was talking about! Now, in 2004, simply by letting his thoughts known, Mr. Neely is raising eyebrows, creating controversy and RATTLING the entire ELLIOTT WAVE WORLD!!! Be one of the FIRST to hear what will certainly be another HISTORIC MOMENT in market forecasting history.
PART 1
In Part 1 of this series, Mr. Neely will be reviewing his 75-year stock market forecast, discussing a couple of updates made to his forecast over the last 16 years and covering the progress of his geopolitical and economic predictions to date. (COMING THIS TUESDAY 8-17-04)
PART 2
For the first time in 16 years, Mr. Neely has released a REVISION to his 75 year forecast. In Part 2, he will be revealing the necessary changes to his very specific, long-term, stock market forecast, where the U.S. stock market is currently in its development and what his revision does to his upside target.
PART 3
Mr. Neely will take us on an intriguing and challenging intellectual journey as he presents his new perspective on the current state of the world, what will happen to the U.S., what will happen to governments around the world, the current state of mass psychology and what it means for the next 10-15 years. Thereafter, a 50 year forecast on economic and social developments and trends will be presented
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Marvin Appel and MACD divergences
Also: Neely Controversy
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Howl 
- Bachelor of Stock Proctology
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- Group: Members
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- Joined: 05-April 03
Posted 19 August 2004 - 05:35 PM
So, we all need to wait until september to see what Neely's new long-term count is going to be.
From what I understand of Neely's rules, I wonder how he would able to count ANY large-scale wave of the 20th century as impulsive. The sequence of 18 to 22 years up, then 18 to 22 years of consolidation is just too regular.
If I had to count the action of the last 100 years using Neely's rules, I would use a large diametric formation. What would be the implications of that? A bear market climaxing in 2015-2018, then a crazy bull market until 2030-2040, then maybe TEOTWAWKI.
But undoubtedly, Neely will come up with a more positive count.
From what I understand of Neely's rules, I wonder how he would able to count ANY large-scale wave of the 20th century as impulsive. The sequence of 18 to 22 years up, then 18 to 22 years of consolidation is just too regular.
If I had to count the action of the last 100 years using Neely's rules, I would use a large diametric formation. What would be the implications of that? A bear market climaxing in 2015-2018, then a crazy bull market until 2030-2040, then maybe TEOTWAWKI.
But undoubtedly, Neely will come up with a more positive count.
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