QUESTION: 117

Central tendency is:

Statistical jargon for the typical outcome
The midpoint of a trading range
A popular Elliott Wave guideline
A common pitfall of novice traders

Answer(s): A

QUESTION: 118

An analyst has several groups of clients who are categorized according to their specific needs. Compared to research reports distributed to all of the clients, reports for a specific group:

will definitely include more basic facts.
may generally exclude more basic facts.
cannot be selectively distributed.
will not be allowed because it violates the Standard III(B), Fair Dealing.

Answer(s): B

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QUESTION: 119

Based on the chart given below; identify the best course of action:

Shares are losing momentum which can be confirmed by negative divergence between price and ROC; trader should be cautious and be quick to reduce position on a violation of trendline.
Shares are making a series of higher highs and higher lows; ROC has turned negative which is confirming the price action; should use current pullback to add to position.
ROC has turned negative which is a sell signal; should initiate a short position.
Negative divergence observed between price and ROC should be ignored as prices are near life time highs.

Answer(s): A

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