Exercise #3 Answer True or False for each of the statements. 3.) In Scenario A, the NYSE High-Low Index is in X's at 35% and the NYSE Percent of Stocks Above Their 10 Week Moving Average is at 50%. With the NYSE Percent of Stocks Above Their 10 Week Moving Average at 50%, in general we should wait for the market to pullback to initiate new positions. Your answer was B. False Correct! Recall that the short term indicators often reverse up first. Therefore, it would not be unheard of that these indicators have rallied to higher levels than the NYSE Bullish Percent. With the NYSE Bullish Percent usually only hitting the 30% level once every three to four years, the field position is excellent and provides us with a great buying opportunity. Most likely the markets have already had a sharp pullback. Go to the next question.