2. Most important of cycles in the studying the relationship between cycles of different lengths? Phase
3. Translation is best described as useful in checking where the trend direction is headed or if it is changing.
4. Elliot Wave cycle is composed of 8 sub waves.
5. 5-wave Elliot upward motive impulse wave, the longest and most dynamic is the third wave.
6. Long-term price movements with volatility – logarithmic
7. Not a continuation pattern – broadening formation
8. According to Dow theory, secondary corrections can most likely be replaced by a line
9. Least important when analyzing a trend – distance from current price
10. What is most likely indicated when Bollinger Bands narrow? A stock’s volatility has decreased
11. Which of the following is NOT true about gaps? Gaps are always filled
12. Which of the following does NOT represent a sell signal confirmation for Dow theory? The Dow Jones Industrials and the Dow Jones Transportation indexes peak simultaneously.
13. Dow Theory uses closing prices
14. Point and figure charts are LEAST likely suited for identifying areas of accumulation or distribution.
15. Which of the following is a Fibonacci ratio use in retracement? 50%
16. Using MA to signal buy/sell decisions can result in a number of whipsaws in sideways trending markets
17. Point-and-figure
18. Which of the following is usually associated with major market tops? Ascending triangles Broadening formation
19. In Dow Theory, the length of secondary trend is most likely three weeks to three months
20. As a general rule, in rectangle, triangle, flag and pennant patterns, volume most likely decreases as the pattern nears completion.
21. Which of the following types of gaps is LEAST likely to be filled when it occurs with high volume? Breakaway
22. Trends are more likely to persist than reverse in all markets
23. Which of the following is NOT an important use for an oscillator?