The total number of new one year highs and new one year lows within an index or ETF is calculated for the specified data period. There is a definite tendency that one new high will be followed by subsequent new highs. When new one year highs decline, be cautious. When they decline after several days of new highs, a consolidation or correction may be eminent. New highs may also mark the beginning of a price move. The total number of first day new one year highs and new one year lows represents the total number of components within the index attaining new highs or lows for the first time (consecutive new highs or lows are not counted). Similar statistics are provided for the last one quarter period to provide similar indications but with a shorter term outlook. | 
