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New-High New-Low Index: The Best Leading Indicator for the Stock Market
Released on Monday, May 11, 2020•MARKETS
The New High - New Low Index is probably the best leading indicator of the stock market. The new highs are the leaders of strength, while the new lows are the leaders of weakness. Their interplay in various timeframes provides important clues to the market's future direction. Dr. Alexander Elder will illustrate their behavior at recent turning points as well as their current outlook for the future.
Dr. Alexander Elder
The New Trading for a Living,
Trader and Author
Alexander Elder, MD, is a professional trader and a teacher of traders. His books, including The New Trading for a Living translated into 16 languages, are international bestsellers among private and institutional traders. Dr. Elder was trained as a psychiatrist and served on the faculty of Columbia University. Now he is a full-time trader but helps run SpikeTrade.com, a club whose members compete for the best trade of the week.
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