| ? |
Answer |
Yea or
Nay |
Question: |
Correct Answer: |
| 1 |
A |
| Type the appropriate number or letter into the povided field for each corresponding month. October ___
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We use numbers to depict the first action on the chart for each month. In the case of October we use an A . This is simply because it's hard to fit 10 in a single box.
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| 2 |
9 |
| Type the appropriate number or letter into the povided field for each corresponding month. September ___
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We use numbers to depict the first action on the chart for each month. In the case of September we use a 9 because it's the 9th month of the year.
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| 3 |
8 |
| Type the appropriate number or letter into the povided field for each corresponding month. August ___
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We use numbers to depict the first action on the chart for each month. In the case of August we use a 8 because it's the 8th month of the year.
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| 4 |
6 |
| Type the appropriate number or letter into the povided field for each corresponding month. June ___
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We use numbers to depict the first action on the chart for each month. In the case of June we use a 6 because it's the 6th month of the year.
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| 5 |
B |
| Type the appropriate number or letter into the povided field for each corresponding month. November ___
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We use numbers to depict the first action on the chart for each month. In the case of November we use a B . This is simply because it's hard to fit 11 in a single box.
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| 6 |
3 |
| Type the appropriate number or letter into the povided field for each corresponding month. March ___
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We use numbers to depict the first action on the chart for each month. In the case of March we use a 3 because it's the 3rd month of the year.
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| 7 |
C |
| Type the appropriate number or letter into the povided field for each corresponding month. December ___
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We use numbers to depict the first action on the chart for each month. In the case of December we use an c . This is simply because it's hard to fit 12 in a single box.
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| 8 |
C |
| Identify a specific attriute of these charts:
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The Bearish Resistance line. We have not discussed these in detail yet but as shown in the attributes of a chart this resistance line is drawn from the top X to the lower right at a 45 degree angle.
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| 9 |
C |
| Identify a specific attriute of these charts:
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The correct answer is the Bullish Support Line. This line is drawn at 45 degrees to the upper right from the bottom O. This line acts as strong support and stocks trading above it are said to be in an uptrend.
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| 10 |
E |
| Match the box size to the price range by typing the appropriate letter into each field. You may use the same answer multiple times: 2.00
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The price scale on the vertical axis is adjusted at different levels. When a stock moves above $100 the scale changes from $1 to $2 a box.
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| 11 |
B |
| Match the box size to the price range by typing the appropriate letter into each field. You may use the same answer multiple times: 0.75
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The price scale on the vertical axis is adjusted at different levels. However, there is no point on the scale that uses a .75 size.
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| 12 |
D |
| Match the box size to the price range by typing the appropriate letter into each field. You may use the same answer multiple times: 0.25
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The price scale on the vertical axis is adjusted at different levels. When a stock is between $0 and $5 the scale is .25. Above $5 the scale changes to .5.
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| 13 |
C |
| Match the box size to the price range by typing the appropriate letter into each field. You may use the same answer multiple times: 0.50
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The price scale on the vertical axis is adjusted at different levels. A .5 point scale is used between $5 and $20.
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| 14 |
A |
| Match the box size to the price range by typing the appropriate letter into each field. You may use the same answer multiple times: 1.00
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The price scale on the vertical axis is adjusted at different levels. On this scale the values between 20 and $100 are $1 a box.
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| 15 |
NO |
| Answer Yes or No. The Low price of the day and the close price of the day are used to construct a chart.
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NO. When updating a chart we use the High and Low price for the day. We do not use the closing price to create or update the chart.
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| 16 |
YES |
| Answer Yes or No. The High and Low price of the day is used for constructing a PnF chart.
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YES. When updating a chart we use the High and Low price for the day. We do not use the closing price to create or update the chart.
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| 17 |
YES |
| Answer Yes or No. It is possile for a chat to have no action during the trade day?
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YES. Point and figure charts depict price action of a stock. If there is not enough action in a stock during a given day to cause a change on the chart in the current column or to reverse it then no marks are added to the chart.
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| 18 |
NO |
| Answe Yes o No. X = Supply.
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X respresents demand and that the stock is moving higher in price. O's represent supply and that the price is declining.
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| 19 |
NO |
| Answer Yes or No. A chart can move in more than one column in a day.
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NO. A Point and Figure chart can only move in one direction a day. Remember the Flow Chart. You stay in the current column if possible. If not, then you check for a reversal. Never will a chart move in two directions a day.
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| 20 |
NO |
| Answer Yes or No. A chart must be updated and a new column added every day.
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NO. If the stock does not meet the criteria to reverse then there is no action on the chart for that day. Unlike a bar chart, a Point and Figure chart won't necessarily make a movement everyday. If the price action of the trading day does not continue the chart in its current direction (flow chart question 1) or change columns (flow chart question 2), no mark is made on the chart.
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| 21 |
NO |
| Answer Yes or No. If a chart is in a column of X's, you first look to see if the chart revesed down into O's.
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NO. The first thing we look for when updating a chart is to see if we can stay in the same column we are in. If the chart is in a column of X's then we first must look to see if it can continue higher in that column. If it can't, then we look to see if it has reversed.
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| 22 |
YES |
| Answer Yes or No. If a chart is in a column of X's, you first look at the High of the day to see if an X is to be added?
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YES.When a chart is in X's we first look to see if we can add another X. Since the chart is rising when it is in X's we look at the high for the day.
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| 23 |
YES |
| Answer Yes or No. If the chart is in O's, you first looK to see if the stock declined one full box during the day.
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When charting you first look to see if the chart can continue in the column that it is in. If it is in O's then we first look to see if the chart can continue down another box.
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| 24 |
NO |
| Answer Yes or No. If the chart is in O's, you first look for the possibility of a revesal up into X's if the stock rose 20 points.
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NO. No matter how high the stock trades if the chart is in O's you must first look to see if it continues lower before you check for a reversal back to the upside.
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| 25 |
B |
| If a chart is in X's at $28 and the low for the day is $24, the high for the day is $29 and the stock closed at $24.5. The action on the chart would be...
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b. We first look to see if the chart can continue in its currrent column. In this case it can, rising to 29. Although the stock trades at 24, since we only chart in one direction a day and the chart has already moved up there is no reversal down.
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| 26 |
C |
| If a chart is in O's at $19 1-2 and the low for the day is $19 1-8, the high for the day is $21 7-8 and the stock closed at $21. The action on the chart would be...
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C. The data here is not enough to cause a the chart to fall or enough to cause a reversal back to the upside. Therefore, there is no action on the chart.
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