Brasil New High - New Low Update 24 apr 2009 - by Vladimir D

For all countries NH-NL was perfect to detect the downs during the crisis. After the big down in October, all the following downs occurred with bullish divergences in NH-NL Index. The first weekly uptick in the NH-NL index, during those major NH-NL downs, were good "prepare to entry!" signs for investors around the world.

Now we are using the NH-NL Index not to detect downs, but to detect the transition from a bear to a bull market.

We are working at the zero level at NH-NL Index, for all countries.

Vladimir Dietrichkeit.