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The New High - New Low Index
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
* Basic definitions
* The Weekly How to Construct, Bull Market Confirmations, Divergences, Spikes
* The Daily Confirmations, Divergences
* Taking a Short-Term The 20-day NH-NL, The 20/-500 Bounce Signal; The 65-day NH-NL
* The NH-NL 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.
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
* Basic definitions
* The Weekly How to Construct, Bull Market Confirmations, Divergences, Spikes
* The Daily Confirmations, Divergences
* Taking a Short-Term The 20-day NH-NL, The 20/-500 Bounce Signal; The 65-day NH-NL
* The NH-NL 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.
Unknown Binding
First published April 27, 2012
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About the author
Alexander Elder
64 books218 followersDr. Alexander Elder is a professional trader based in New York City. He is the author of a dozen books, including Come into My Trading Room (Barron's 2002 Book of the Year) and Trading for a Living, considered modern classics among traders.
Dr. Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. At 23, while working as a ship's doctor, he jumped a Soviet ship in Africa and received political asylum in the United States. He worked as a psychiatrist in New York City and taught at Columbia University. His experience as a psychiatrist provided him with unique insight into the psychology of trading. Dr. Elder's books, articles, and software reviews have established him as one of today's leading experts on trading
Dr. Elder is the originator of Traders' Camps week-long classes for traders, as well as the Spike group for traders. He continues to trade and is a sought-after speaker at conferences in the US and abroad.
Dr. Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. At 23, while working as a ship's doctor, he jumped a Soviet ship in Africa and received political asylum in the United States. He worked as a psychiatrist in New York City and taught at Columbia University. His experience as a psychiatrist provided him with unique insight into the psychology of trading. Dr. Elder's books, articles, and software reviews have established him as one of today's leading experts on trading
Dr. Elder is the originator of Traders' Camps week-long classes for traders, as well as the Spike group for traders. He continues to trade and is a sought-after speaker at conferences in the US and abroad.
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Displaying 1 of 1 review
October 23, 2019
Awesome!!
Thank you for detail explanation of NH and NL. It is really helpful for me to understand the meaning of NH and NL.
Thank you for detail explanation of NH and NL. It is really helpful for me to understand the meaning of NH and NL.
Displaying 1 of 1 review