When analyzing price action and volume, low activity (or a drop in volume) is normally associated with:

• A.greater fluctuations in price.
• B.a weak price trend.
• C.lack of conviction on the part of traders.
• D.a strengthening price trend.

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Which of the following describes the McClellan Oscillator?

• A.On days when prices close higher, it is assumed that all volume is represented by sellers
• B.It is a breadth momentum oscillator
• C.It is the sum of two exponential moving averages
• D.It is used for longer-range trading compared to the McClellan Summation Index which is more useful for short term trading

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In trend-based trading systems, what is the major determinant of trading activity (i.e., how often buy or sell signals are generated)?

• A.Distance between bands
• B.Smoothing technique used
• C.Selection of trend speed
• D.Use of a scaling factor

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Allen Johnson, CMT, is working in the Singapore office of German Investment Corporation. From an informal conversation, Allen learns that the company's most recent annual report contains misappropriated information. No one at the Singapore office expresses concern, however, because there has been no breach of Singapore's law. Barrett should:

• A.do nothing because the branch is outside of German jurisdiction.
• B.seek advice from the company counsel to determine appropriate action.
• C.do nothing because the branch is outside of Singapore's jurisdiction.
• D.disassociate himself from the case with a written report to his supervisor.

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A trend based trading system where the trend is the slope of a straight line found using a least squares regression:

• A.Simple moving average
• B.N-day breakout
• C.Linear regression slope
• D.Point and figure

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