The New High: New Low Index: Stock Market's Best Leading Indicator

Your stocks rise and drop in tune with the general trend of the market. A rising tide will lift all the boats just as surely as a falling tide will smash them against the rocks. The New High New Low Index is the best leading indicator of market tides. Learning to read its messages will help you become a better investor and trader.

The New Highs are the stocks rising to a new yearly high on any given day. These are the strongest stocks on the exchange, the leaders in strength. The New Lows are the stocks that fall to a new yearly low on any given day. These are the weakest stocks on the exchange, the leaders in weakness. The New High New Low Index (NH-NL) tracks the balance of power between the two groups.

This ground-breaking book will teach you to use NH-NL in your decision-making. Its chapters include:

Basic definitions
The Weekly NH-NL: How to Construct, Bull Market Confirmations, Divergences, Spikes
The Daily NH-NL: Confirmations, Divergences
Taking a Short-Term View: The 20/-500 Bounce Signal
The NH-NL Ratio: Major Trends, Intermediate Trends
NH-NL in Worldwide Markets
Databank

The book is illustrated with over 50 charts, including seven interactive series.

Dr. Alexander Elder is a private trader and a teacher of traders, based in New York City. He is the author of several international best-sellers, starting with Trading for a Living (1993). Kerry Lovvorn is a trader and a trading coach, based in Alabama. His work has been featured in several books. Together, they direct www.SpikeTrade.com a club for serious traders that runs a weekly trading competition.

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