Something to Read - The New High - New Low Index: Stock Market's Best Leading Indicator
Dr Alexander Elder
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.
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.
