Exercise #3 Answer True or False for each of the statements. 5.) In Scenario C, the major market averages could continue to move higher in the near term. Your answer was A. True You got it right! The NYSE Bullish Percent has reversed down from a high level of 68%. We are beginning to see individual stocks breakdown as 6% of the stocks on the NYSE have moved from buy signals to sell signals. However, the indices could continue to move higher. This would actually give you the opportunity put on protective measures at better prices. Go to the next question.