tag:blogger.com,1999:blog-7085633745029925627.post3894247203930131272..comments2024-02-12T18:38:15.465-05:00Comments on Shanky's Technical Analysis and Market Commentary: /ES At The PeakShankyhttp://www.blogger.com/profile/07202827468828896685noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7085633745029925627.post-81937244511170749032009-06-22T14:46:00.992-04:002009-06-22T14:46:00.992-04:00Aliso Viejo, CA (PRWEB) June 16, 2009 — Glenn Neel...Aliso Viejo, CA (PRWEB) June 16, 2009 — Glenn Neely, founder of NEoWave Institute and prominent Elliott Wave analyst, today announces a startling prediction: The S&P 500 is forming a major top in June, which will be followed by a large decline, eventually pushing the stock market to record lows for the decade. <br /><br />“Technically speaking, according to NEoWave a correction began at last October’s low; the March-June rally is the final leg of that correction,” Neely explains. “The March-June rally is now ending, allowing the bear market to resume. During the next six months, the S&P will decline 50% or more, breaking well below 500!” Currently, the S&P is hovering around 917. <br /><br />Glenn Neely is providing this information not as a specific trade recommendation but as a general public service announcement. A prominent Elliott Wave analyst, Neely was recently recognized in Timer Digest’s May issue as the #1 stock market timer for the past 12 months. <br /><br />For those who want detailed trading strategies and insight, Neely provides specific recommendations to subscribers of the NEoWave Trading Service.Schweizerhttps://www.blogger.com/profile/01587683787195196616noreply@blogger.comtag:blogger.com,1999:blog-7085633745029925627.post-70185097653914709752009-06-22T12:32:17.754-04:002009-06-22T12:32:17.754-04:00S135 - I've been following this channel for a ...S135 - I've been following this channel for a long time now, You have seen me post this exact post before. I'm into the channel thing, but believe it has a chance to get broken thru manipulation and unnatural market actions.Shankyhttps://www.blogger.com/profile/07202827468828896685noreply@blogger.comtag:blogger.com,1999:blog-7085633745029925627.post-22495915204959978252009-06-22T11:37:28.698-04:002009-06-22T11:37:28.698-04:00OK, I may have to rethink if you are now starting ...OK, I may have to rethink if you are now starting to agree wih me. That always happens to me!! Grrr...<br /><br />Anyway, an updated channel chart. I'm teasing you with a valid count just to bug you buddy.<br /><br />http://social.stocktock.com/photo/spx-downtrend-and-dailySchweizerhttps://www.blogger.com/profile/01587683787195196616noreply@blogger.com