| ? |
Answer |
Yea or
Nay |
Question: |
Correct Answer: |
| 1 |
A |
| Which indicators are Short term or Long term?
OTC Bullish Percent
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Bullish Percents on broad universes are typically Long Term indicators
|
| 2 |
B |
| Which indicators are Short term or Long term?
Optionable Bullish Percent
|
The High-Low and Ten Week Moving Averages are Short Term indicators
|
| 3 |
A |
| Which indicators are Short term or Long term?
NYSE Bullish Percent
|
Bullish Percents on broad universes are typically Long Term indicators
|
| 4 |
B |
| Which indicators are Short term or Long term?
10 Week Moving Average
|
The High-Low and 10 Week Moving Averages are Short Term indicators
|
| 5 |
C |
| Which indicator is not a percentage?
NYSE BP
10 Week M.A
Dow Jones Bond Average
High-Low Index
Optionable BP.
|
The correct answer is the Weekly OBOS. The Weekly OBOS reading for all stocks is merely an average of each stock's position on its trading band.
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| 6 |
NO |
| If a stock continues to move down after it has given a sell signal does that affect the NYSE BP?
|
No. One vote per stock. In this instance the vote is a sell signal. Continuing to move down does not affect the NYSE BP.
|
| 7 |
NO |
| If a stocks RS gives a new sell signal does that count as one vote towards the NYSE BP?
|
No. RS calculations do not affect the NYSE BP, only the trend chart signals.
|
| 8 |
YES |
| Answer the following yes-no questions.
The 10 Week moving average is much more sensitive than the Optionable BP.
|
Yes. The 10 Week moving average can change columns several times or move higher or lower before the Optionable BP.
|
| 9 |
NO |
| Answer the following yes-no questions.
The Red Zone begins at the 60% level
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No. The Red Zone begins at the 70% level.
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| 10 |
NO |
| Answer the following yes-no questions.
The NYSE BP is considered over bought above the 50% level.
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No. Above 70% is over bought.
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| 11 |
YES |
| Answer the following yes-no questions.
It isn't often the NYSE BP moves below 30% or above 70%
|
Yes. Usually the NYSE BP stays within the normal range, 40 - 60%.
|
| 12 |
YES |
| Answer the following yes-no questions.
One type of buy signal occurs when a column of O's fall at or below 30% and then reverse to a column of X's.
|
Yes. A reversal up from the 30% level is considered a buy signal - even if it does not exceed a previous top.
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| 13 |
A |
| The two lines of demarcation are:
|
30% & 70%. The mark of the Green Zone and the Red Zone.
|
| 14 |
A |
| Match the Following: 30%
|
30% = a
a.) There is a lot more upside than down side. Open field.
|
| 15 |
E |
| Match the Following: 50%
|
50% = e
e.)Middle of the field and considered good position.
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| 16 |
B |
| Match the Following: 60%
|
60%= b
B.) More stocks on PnF buy signals but the field position isn't good.
|
| 17 |
D |
| Match the Following: 70%
|
70%=d
d.) Most people are already in that want to buy, risk level is high.
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| 18 |
C |
| What is the percent change needed to reverse columns on the Bullish Percent charts?
|
6%. Each box size equals 2% so a three box reversal in either direction is 6%.
|
| 19 |
4 |
| Match the strategy with the description and the chart.
Focus on Strong Sectors
|
4. The NYSE Bullish Percent has reversed up to X's at 40%. The current reading is 52%. The NYSE Bullish Percent is in a column of X's which suggests that the offensive team is on the field. The position is essentially the middle of the field. At these levels, the "easy" money has been made off the initial bounce. Now, sector rotation becomes a vital part of the equation in determining the best stocks. Focus on those sectors with the strongest relative strength as they are likely to lead the market rallies.
|
| 20 |
1 |
| Match the strategy with the description and the chart.
Initiate Short Term Trades
|
1. The NYSE Bullish Percent is in O's at 40%. The NYSE High-Low and the NYSE 10 Week Moving Average are in X's at 32% and 40% respectively. The two short term indicators have turned positive from favorable field position. While the NYSE Bullish Percent is still in O's, this positive short term action means that pilot positions or short term trades can be initiated with the full understanding the trades are short term in nature and stops must be in place in case the short term doesn't turn into the long term.
|
| 21 |
2 |
| Match the strategy with the description and the chart.
Buy Protective Puts
|
2. The NYSE Bullish Percent is at 68% in O's and the OTC Bullish Percent is at 60% in O's. Both markets have the defensive team on the field as their bullish percent charts are in a column of O's. As well, the field position is still relatively high, especially for the NYSE at 68%. One strategy to play defensive would be to buy protective puts.
|
| 22 |
3 |
| Match the strategy with the description and the chart.
Buy Calls on OTC Stocks
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3. The NYSE Bullish Percent is in O's at 56%. The OTC Bullish Percent is in X's at 44% Sometimes the NYSE and OTC Bullish Percents are at odds and moving in opposite directions. In this case the OTC is on offense and the NYSE is on defense. One could consider buy calls on OTC stocks and puts on NYSE stocks.
|
| 23 |
5 |
| Match the strategy with the description and the chart.
Create a Shopping List
|
5. The NYSE Bullish Percent is at 28% in O's on the chart but the actual reading is 32%. The NYSE Bullish Percent has fallen into the "green zone" or oversold territory. The chart will reverse up to X's at 34% (28% plus 6%) and with a current reading of 32% it is within striking distance of doing that. At this time, an appropriate strategy would be to start making a shopping list of ideas that can be purchased once the offensive team is back on the field.
|
| 24 |
6 |
| Match the strategy with the description and the chart.
Buy ETFs on OTC Stocks
|
6. The OTC Bullish Percent is in X's at 68%. The offensive team is still on the field but the field position is not great at 68%. One strategy that can be used to gain offensive exposure but reduce risk by diversifying is to buy ETFs or Exchange Traded Funds that are in positive trends and have good relative strength.
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