The New High - New Low Index: Stock Market's Best Leading Indicator: 2nd Updated Edition

Will your stocks rise or fall? It largely depends on the general trend of the stock 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.



You’re about to read the first book dedicated to the New High – New Low Index. Its authors are two professional traders who use NH-NL in their nightly market report to call market turns. A four-year record of their New High – New Low posts is available to members of their website, SpikeTrade.com



This ground-breaking book will teach you to interpret NH-NL and use it in decision-making. Its Table of Contents includes:



* 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-day NH-NL, The 20/-500 Bounce Signal; The 65-day NH-NL

* The NH-NL Ratio: Major Trends, Intermediate Trends

* NH-NL in Worldwide Markets

* Databank



The book is illustrated with over 50 charts, including seven series that teach you to recognize the progression of NH-NL signals. It will help you master the best leading indicator of the stock market.



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, including 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 run www.SpikeTrade.com – a club for serious traders that includes a weekly trading competition.