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The New High – New Low Index: Stock Market’s Best Leading Indicator: 2nd Updated Edition
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.
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.
72 pages, Kindle Edition
First published April 27, 2012
13 people are currently reading
28 people want to read
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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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