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“You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody” - Dr. Alexander Elder, Trading for a Living

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Trading for a Living was published in 1993 and became the best-selling trading book of all time. You may remember that the last sentence in that book was "I continue to learn and reserve the right to be smarter tomorrow than I am today." Now, for the past 18 months Dr. Elder has been working on a major upgrade of his original book. What started out as a modest update has turned into an almost complete re-write - to make the book useful not only for the new readers but especially for those who've read Trading for a Living. The new book, with its vastly expanded content and full-color current charts, lets you benefit from what a serious trader learned during the past 22 years. Click here for our special introductory prices.

Changing Markets

Books & Trades #215 on August 22 was headlined "One-Way Road Ends." Dr. Elder wrote: "I believe that the New High _ New Low Index is the best leading indicator of the stock market. The weekly chart on the left shows that the weekly NH-NL hasn't reached the typical bull market level of +2,500 since the beginning of 2014. It is building a massive bearish divergence. With the S&P at a record high, the weekly NH-NL was at a feeble 613 yesterday."

By now, the New High - New Low Index is near zero. The market runs on a two-party system: bulls and bears. When the party of bulls loses strength it shows that the other party is about to take control. Take a look at the weekly chart of the Dow. Click here to continue reading.


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Financial Trading Seminars, Inc.
Elder.com
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