Over time, most Futures contracts deteriorate in value as the contract premium erodes. Premium decay can create inappropriate ‘overlap’ of past and current market highs and lows, which distorts Wave structure. Such problems do not occur with Cash data
New York, NY (PRWEB) May 09, 2012
NEoWave, Inc. announces a new CASH-Data Service that empowers Elliott Wave analysts to produce better, more accurate Wave counts and forecasts. This one-of-a-kind subscription service automatically plots Cash data in NEoWave’s unique “Wave-chart” fashion. As a result, this service creates perfectly plotted, non-expiring cash charts that promote accurate Wave counts and forecasts (something not possible with Futures bar charts).
According to Glenn Neely, the internationally respected Wave theory analyst and founder of NEoWave, Inc., it is a truism of Wave theory that accurate forecasts depend on accurate counts. Unfortunately, most Wave analysts make two foundational mistakes that virtually guarantee inaccurate results. “First, they rely on bar charts, which create a false reality – a market’s high and low never occur at the same point in time,” Mr. Neely says. “Furthermore, bar charts prevent a market from ‘revealing’ its true Wave development.”
Worse, as Mr. Neely explains, most Elliott Wave theory enthusiasts use Futures data instead of Cash data. “Over time, most Futures contracts deteriorate in value as the contract premium erodes. Premium decay can create inappropriate ‘overlap’ of past and current market highs and lows, which distorts Wave structure. Such problems do not occur with Cash data,” he says. “Worst of all, Futures contracts eventually expire, which forces you to revamp your Wave theory analysis when a new contract begins trading.”
To correct these foundational mistakes, NEoWave’s new CASH-Data Service quickly and automatically collects and properly plots Cash data with the highs and lows in the order they occurred in real time. Subscribers regularly receive non-deteriorating, non-expiring, perfectly plotted Wave charts – not bar charts – for the S&P, Gold, Euro, and Notes markets. Click to learn more about NEoWave’s unique CASH-Data Service.
About Glenn Neely and NEoWave, Inc.
Glenn Neely, internationally regarded as a premier Elliott Wave analyst, has devoted nearly 30 years to refining, mastering, and advancing the concepts of Wave theory to make it scientific, objective, and logical. Glenn Neely’s now-famous NEoWave technology is a precise, step-by-step assessment of market structure, which leads to more accurate Wave analysis, as well as low-risk investing and trading with demonstrated returns. Analysts, professional investors, and traders worldwide trust NEoWave’s Trading and Forecasting services for market forecasting and wise trading advice on the S&P, Euro, T-Notes, and Gold markets.