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.