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68.
Cumulative breadth for the 4 days is ___, which is ___.
69.
From day 1 to day 4, the trin has ___ and is ___.
70.
From day 1 to day 4, the confidence index has _____. This is _____.
71. Problems with behavioral finance include:
I. The behavioralists tell us nothing about how to exploit any irrationality.
II. The implications of behavioral patterns are inconsistent from case to case, sometimes
suggesting overreaction, sometimes underreaction.
III. As with technical trading rules, behavioralists can always find some pattern in past data that
supports a behavioralist trait.
72. A major problem with technical trading strategies is that ________.
73. The Elliott wave theory gives a buy signal when you can identify a primary bull trend by
identifying _________.
74. In 1997 CSX successfully purchased a significant share of Conrail. Immediately after the
first offer was announced and the acquisition eventually consummated, the price of CSX fell
below preacquisition levels and took many years to recover. This may be an example of
________________.
75. An investor has her money segregated into checking, savings, and investments. The
allocation among the categories is subjective, yet the investor spends freely from the checking
account and not the others. This behavior can be explained as _______________.
76.
Identify the resistance-level stock price.
77.
Identify the support level stock price.
78. Investors gravitate toward the latest hot stock even though it has never paid a dividend.
Even though net income is projected to fall over the current and next several years, the price of
the stock continues to rise. What behavioral concept may explain this price pattern?
79. During a period when prices have been rising, the _________ will be _______ the current
price.
80. An investor purchases shares of an index fund. The investor could take on the same level
of risk by taking out a loan and purchasing a higher-risk specialty fund. The Sharpe ratio on this
complete portfolio is higher than her existing investment. What behavioral concept prevents the
investor from taking out the loan and investing in the index fund?
81. The price of a stock fluctuates between $43 and $60. If the time frame referenced
encompasses the primary trend, the $43 price may be considered the ___________.
82.
The moving average generates buy signal(s) _____.
83.
The moving average generates sell signals _____.
84. The price of a stock fluctuates over a period of 10 days. The movement of the stock price
below the 10-day minimum price of $25 triggers a rash of selling. The $25 price might now be
considered the _______________.
85. Trend analysts who follow bonds are most likely to monitor the ____________.
86. You find that the confidence index is down, the market breadth is up, and the trin ratio is
down. In total, how many bullish signs do you have?
87. You find that the trin ratio is up, the market breadth is down, and the market has closed
below its 50-day moving average. In total, how many bearish signs do you have?
