™

NEoWave CHARTS
Mon, Jan 29, 2007 Analysis by Glenn Neely
Suspected Pattern Developing:
GOLD - Daily Data Contracting Triangle for wave-B
(emailed each Monday before 11:00 am PT)
A
750 b d
A
e
725
B?
c
700
a
b = Gold is here
675
B
650 d
D

625
F?
e?
600 C
A B?
575
a E G?

550 ANALYSIS: My assessment in early January was that “The struc- c

ture of wave-e will either be some variation of Flat or a Contracting
525 Triangle.” Based on the extreme time difference between the first and
second legs of wave-e, a Flat is the best choice. Look for wave-c of Trend next 5 days:
500 wave-e to consume a week or so, end above January’s low, then be Bullish above $665
followed by the most powerful advance we have seen in Gold in years.
475 The minimum upside target will be $750 before summer!
For assistance, write to [email protected]
450
Apr 18, 06 May 18, 06 Jun 19, 06 Jul 19, 06 Aug 18, 06 Sep 19, 06 Oct 19, 06 Nov 20, 06 Dec 20, 06 Jan 23, 07

NEoWave™ CHARTS are produced by NEoWave, Inc., 65 Enterprise, Aliso Viejo, CA 92656 • (800) NEo-Wave (636-9283) • www.NEoWave.com
 NEoWave™ CHARTS
Mon, Jan 29, 2007 Analysis by Glenn Neely

Suspected Pattern Developing:

Large Expanding Triangle
S&P 500 - Daily Data
(starting August 2006) (emailed each Monday before 11:00 am PT)
A?
1500
B?
1475 Trend next 5 days:
Sideways or Up
1450 x?
C = S&P is here d
f
1425 b
A B?
e
1400 c g

NEoWave Diametric
a
1375

1350

1325
ANALYSIS: Two weeks ago I said “That shakeout is...likely to
1300 break wave-c’s low early this week. Once that occurs, this
Diametric is complete...and a powerful C-wave advance will
1275 begin.” Wave-g (in both cash and futures) bottomed right after
breaking wave-c’s low and was followed by the largest, fastest
1250 rally in weeks. Though large, that rally was not large enough to
conclude wave-B, so last week’s high has been labeled wave-x
1225 of an ongoing, complex Double or Triple combination.
X? For assistance, write to [email protected]
1200
Jun 19, 06 Jul 19, 06 Aug 17, 06 Sep 18, 06 Oct 17, 06 Nov 15, 06 Dec 15, 06 Jan 19, 07 Feb 19, 07 Mar 20, 07

NEoWave™ CHARTS are produced by NEoWave, Inc., 65 Enterprise, Aliso Viejo, CA 92656 • (800) NEo-Wave (636-9283) • www.NEoWave.com
 NEoWave™ CHARTS
Mon, Jan 29, 2007 Analysis by Glenn Neely

NOTES (via inverted 10-yr. cash yield) - Daily Data

(emailed each Monday before 11:00 am PT)

3.6 ANALYSIS: In early January, I said “...wave-4 will not end

Trend next 5 days: until late February.” That still may be the case, but the size
3.7
Sideways or Up of wave-4 is beyond what is allowed in a 1st Extension
3.8 a Terminal. Based on NEoWave rules in Chapter 12 of MEW,
3.9 our goal is to change structure as little as possible, but still
B
4
account for recent events. That process leaves us with a
NEoWave 3rd Extension, 5th Failure Terminal (below).
4.1
For assistance, write to [email protected]
4.2
D
4.3 3
e
(e)?
4.4
5?
A
4.5 c

4.6
a a
4.7
C
4.8 (d) 1
4.9 a Suspected Pattern Developing: b d

3rd Extension Terminal 4?

5 (starting in September)
b 2
5.1 d 3
5

5.2 x1
a 4
5.3 2 E
c
5.4 e b
= NOTES are here b
5.5
Feb 22, 05 May 23, 05 Aug 22, 05 Nov 22, 05 Feb 24, 06 May 25, 06 Aug 24, 06 Nov 24, 06 Feb 27, 07

NEoWave™ CHARTS are produced by NEoWave, Inc., 65 Enterprise, Aliso Viejo, CA 92656 • (800) NEo-Wave (636-9283) • www.NEoWave.com
 NEoWave™ CHARTS
Mon, Jan 29, 2007 Analysis by Glenn Neely

Suspected Pattern Developing:

EURO - Daily Data
(emailed each Monday before 11:00 am PT)
NEoWave Terminal after wave-(B)
1.3600 (5)
(3)
x(1) (3)?
(x)
Trend next 5 days:
1.3400 (4) c?
(b) (d) Down or Bottoming
(2)
(e)
1.3200 (a)
(c) B
= EURO is here
1.3000 x(1) NEoWave
Reverse Alternation b
Neutral Triangle 2
4
1.2800 a (4)?
b
1
x3
1.2600
5
c
a (2)
1.2400
ANALYSIS: Before winter vacation, I said “Failure to achieve
typical time requirements is a warning this structure may have
1.2200 to change in the future...” Despite two additional weeks of price
action, I see no reason to change structure yet, but I remain
1.2000 B? suspicious. Wave-(2) took a great deal of time, was clearly a Flat
and ended with a c-wave failure. To properly alternate, wave-(4)
should be a complex correction and take much less time than
1.1800
wave-(3). It could also retrace as much as 90% of wave-(3).
For assistance, write to [email protected]
1.1600
Feb 9, 06 Apr 11, 06 Jun 12, 06 Aug 10, 06 Oct 10, 06 Dec 8, 06

NEoWave™ CHARTS are produced by NEoWave, Inc., 65 Enterprise, Aliso Viejo, CA 92656 • (800) NEo-Wave (636-9283) • www.NEoWave.com
 Traders-Talk.com
This Market Report is brought to you by
Mark Steward Young’s Traders-Talk.com New Market Analysis Area
Trading Headquarters Since 1992

www.TTHQ.com