Exam 9: A Basic View of Technical Analysis and Market Efficiency

A breadth of the market indicator attempts to measure what a broad range of securities is doing as opposed to merely examining a market average.

The essence of _______ is to determine whose judgment about the market is wrong.

The essence of the contrary opinion rule is that it is easier to figure out who is right than who is wrong.

Odd-lot traders traditionally are assumed to be strong sellers right before the bottom of a bear market,but this is not always the case.

______________ analysis focuses on charts and graphs based on internal market data,while _____________ analysis emphasizes earnings reports,management capabilities and new product development.

A high short interest ratio is considered bullish.

The Dow Theory maintains that there are three major fluctuations in the market: daily fluctuations,weekly fluctuations,and yearly fluctuations.