When a market exceeds the high of the previous 4 weeks, cycle logic indicates that which of the following cycles has bottomed and turned up?

• A.Short-term
• B.Intermediate-term
• C.Long-term
• D.Seasonal

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Which of the following is NOT a proper interpretation of volume and trend in the futures markets?

• A.Volume rising and open interest rising = trend reversal
• B.Volume falling and open interest falling = congestion phase
• C.Volume rising and open interest falling = position liquidation
• D.Volume falling and open interest rising = slow accumulation

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A trend based trading system where signals occur when the current high or low price exceeds the previous swing high or low price:

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

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Which of the following is a true statement according to Elliott Wave Theory?

• A.Waves can be expanded into longer waves and subdivided into shorter waves
• B.The Pythagorean theorem is the mathematical basis for Elliott Wave Theory
• C.Triangles are usually second waves preceding a longer third wave
• D.In the stock market, wave 5 is the most common to extend

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

• 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.Plot a linear regression line through the data midpoin
• D.Apply volume weighting to both high and lows in the data

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