Over 30 years ago, Glenn Neely read about the Elliott Wave Principle and launched his three-decade commitment to advance R.N. Elliott’s concepts, with the goal of improving Wave analysis, forecasting, and trading. In 1983, Elliott Wave expert Glenn Neely founded Elliott Wave Institute, now NEoWave, Inc. The Elliott Wave Principle, named for its discoverer, Ralph Nelson Elliott, quite simply measures how groups of people behave. One of the easiest places to see this phenomenon at work is in the financial markets, where changing investor psychology is reflected in the form of price movements. While it had been thought that traders behaved in a somewhat chaotic manner, R.N. Elliott discovered they actually traded in repetitive cycles, which, it turned out, were the emotions of investors as a result of outside influences.
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