Question 1

Reversals in point and figure charts:

Options :

A :

Are set by convention as all point and figure charts have the same reversals

B :

Depend on the investment time horizon of the holder

C :

Can change within the same chart

D :

Should be less than a week

Answer: B

Question 2

How can one identify the existence of a cycle?

Options :

A : Remove price trend

B : Switch time frames

C : Use only period extremes

D : None of the above

Answer: A

Question 3

Why doesn't the doji candle have a real. body?

Options :

A :

The doji is an abbreviated method of drawing candles

B :

The open and close are the same

C :

The high and low are the same

D :

Buyers are stronger than sellers

Answer: B

Question 4

Which of the following is the BEST volume indicator for analysis of futures trading?

Options :

A :

Open interest

B :

Contract volume

C : Total volume

D : Breadth

Answer: C

Question 5

How might one detrend data to determine if a cycle exists?

Options :

A :

Divide the current prices by a moving average of those prices

B :

Create an oscillator that plots a standard deviation of the period lows

C :

Apply volume weighting to both high and lows in the data

D :

Plot a linear regression line through the data midpoin

Answer: A

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