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Three Example Charts

Line charts are the least useful for wave analysis as they connect daily closes and hide price movements. Bar charts show daily highs and lows but present a synthetic reality rather than accurate sequence of price action. NEoWave "Wave" charts accurately depict the fluid motion of markets by plotting daily highs and lows in real time order, revealing wave patterns for better analysis and forecasts. The NEoWave Cash-Data Service provides automatically updating Excel sheets with cash data to allow users to experiment with their own wave counts and analyses.

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65 views2 pages

Three Example Charts

Line charts are the least useful for wave analysis as they connect daily closes and hide price movements. Bar charts show daily highs and lows but present a synthetic reality rather than accurate sequence of price action. NEoWave "Wave" charts accurately depict the fluid motion of markets by plotting daily highs and lows in real time order, revealing wave patterns for better analysis and forecasts. The NEoWave Cash-Data Service provides automatically updating Excel sheets with cash data to allow users to experiment with their own wave counts and analyses.

Uploaded by

juliofloresa3611
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Creating Proper Charts for Accurate Wave Forecasts

Example Charts

Line chart (depicting S&P 500 price action between May and August 2012)
Unfortunately, most line charts are created by connecting the close of one day (or bar) to the
close of the next. Sometimes, a line chart is created by plotting the average of each bar’s high
and low. Either way, a line chart “hides” a lot of information, since it does not show how high or
low the market moved (which is crucial for good wave analysis). As a result, a line chart presents
an inaccurate representation of reality. Of all the chart types we discuss today, line charts are the
least useful for Wave analysis and forecasting.

Bar chart (depicting S&P 500 price action between May and August 2012)
With bar charts, the high and low occur at the same vertical point in time. While the highest and
lowest point of each time period is recorded, this is not how markets behave. A high of a day will
occur first followed by the low or vice versa. Therefore, Bar charts present a “synthetic” reality,
but do not present a completely accurate picture. For this reason, bar charts don’t reveal Wave
patterns well, which will significantly – and negatively – impact the accuracy of your Wave
analysis and forecast.

© 2012 Glenn Neely, NEoWave, Inc. www.NEoWave.com


NEoWave “Wave” chart (depicting S&P 500 price action between May and August 2012)
Creating a Wave chart (following Glenn Neely’s construct) requires plotting the highs and lows of
a market in the order they actually occurred in real time. You then connect the highs and lows
with a diagonal line. Next, the last plot of one day (or bar) is connected with a straight line to the
first plot of the next day (or bar). This creates a chart that fully illustrates the fluid motion of
markets. Unlike the other two charts, you can see this clearly reveals Wave patterns. NEoWave
“Wave” charts provide an accurate representation of price movement; as a result, they allow for
much better Wave analysis and more accurate forecasts.

NEoWave Cash-Data Service


After extensive development and testing, NEoWave has released its
Cash-Data Service to the public, so you can improve your own Wave
analysis.
Here's what you get...
• You receive Excel spreadsheets with auto-updating cash data,
which instantly plot a variety of charts. You receive a spreadsheet for the markets and
timeframes shown at right.
• Armed with cash data and properly plotted charts, you have the ability to experiment with
your own Wave counts, enabling you to produce more accurate Wave analysis.
• You gain access to Mr. Neely's private, “behind the scenes” wave counts, which are
never seen in any
NEoWave service.
This information will
allow you to view
and understand the
“secret” scenarios
used to arrive at
the single
scenarios
presented in Mr.
Neely's NEoWave
Trading and
Forecasting
Services.

CLICK TO LEARN
MORE & PURCHASE

© 2012 Glenn Neely, NEoWave, Inc. www.NEoWave.com

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