The Market Is Considered to Be Overbought and Subject to a Negative

Multiple Choice

The market is considered to be overbought and subject to a negative correction when more than

A) 60 percent of the stocks are selling above their 90-day average.
B) 70 percent of the stocks are selling above their 100-day average.
C) 80 percent of the stocks are selling above their 200-day average.
D) 70 percent of the stocks are selling above their 150-day average.
E) 90 percent of the stocks are selling above their 150-day average.