Testing for Lesson 1: Attributes of a chart

1) Type the appropriate number or letter into the provided field for each corresponding month:
October: September: August:
June: November: March: December:

2) Identify a specific attribute of these charts:
The Bear Reversal Line
I-95 North
The Bearish Resistance Line
A Constellation
The Bullish Support Line

The Bearish Resistance Line
I-95 South
The Bullish Support Line
Positive Trading Band
A Bullish Terrier

3) Match the box size to the price range by typing the appropriate letter into each field. You may use the same answer multiple times:

Box Size Price Range
2.00  a: 20.00 - 100
0.75  b: None/ NA
0.25  c: 5.00 - 20.00
0.50  d: 0.00 - 5.00
1.00  e: 102 - 200

4) Constructing Charts: Answer Yes or No to the following…

a. The Low price of the day and the close price of the day are used to construct a chart. yes no
b. The High and Low price of the day is used for constructing a PnF chart yes no
c. It is possible for a chart to have no action during the trade day yes no
d. X = Supply yes no
e. A chart can move in more than one column in a day. yes no
f. A chart must be updated and a new column added every day. yes no
Flowchart of Investing:

If a chart is in a column of X's, you first look…
… to see if the chart reversed down into O's? yes no
… at the High of the day to see if an X is to be added? yes no
If the chart is in O's, you first look…
… to see if the stock declined one full box during the day? yes no
… for the possibility of a reversal up into X's if the stock rose 20 points. yes no

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...
Reversal to $24. Up one row to $29. No change on the chart.
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...
The chart will fall to 19. The chart will reverse to the upside No change on the chart.


Click for an answer sheet.