neely

every trader understands some phase of the mkt better than other phases of the market. it may be a bear, a bull, a range bound phase.in my little experience i havenot seen exception to this rule. so the only way one can achieve meaningful profit in the market is by minimising his losses in the phases he is not able to understand.the extent of your losses when you are wrong really decide the longetivity in the market.

neely is undergoing the same phase with regards to his forecasting. from some spectacular analysis to a lot of misses in the current run.

but without a doubt MEW is a most significant book of market analysis, second to none.through neowave, the insights he gives you about the market is work of pure genius.he deserves more credit than he has received.he has laid the foundation of a very powerful tool.