FINAL EXAM

The first step of the Wyckoff Method is to determine the trend of the stock market, and then to trade with that trend.

You then want to buy those stocks that are weaker than the general market, and sell those stronger.

Using the Buying/Sellings tests can help you find a promising stock to trade.

When supply is greater than demand prices rise.

The trend is your friend

The important factors in the stock market are

A stock chart tells you all you need to know about that stock.

Large volume at the top of a rally phase usually indicates strong buying.

When a stock has a correction of less than 50% of the previous rally this is considered bullish

A trading range is NEVER signs of accumulation

A spring is a drive down through previous support, to get the general public to sell their stock right before the advance is prepared to begin.

A shake-out is the same as a spring but with larger volume and larger price spread than that of a spring. It is followed by a quick reversal higher.

An unusual increase in volume generally indicates the end or approaching culmination of a move.

What point on the attached chart is a “Spring”?

What point on the chart is a Jump Across The Creek?

A jump across the creek has what attributes?

What point on the chart is a Back Up To The Creek?

What attributes accompanies a successful Back Up To The Creek?

On the following chart where is the oversold condition trendline?

On the chart where is the overbought position trendline?

Where is the Support trendline?

Where is the Supply trendline?

Trend lines give possible indications as to where support or supply may be expected to enter as an opposing force.

The violation of a trend line always indicates a change in the trend.

Volume is a vital factor when identifying Buying and Selling Climaxes.

Studying comparative strength/weakness can be very helpful in your trading.

If a stock cannot develop any rallying power after returning to a former support area, it could be considered bearish.

If you are contemplating purchasing a specific stock, having higher supports and higher tops would be confirming factors.

If a stock is responsive to reactions and sluggish to rallies it would be considered a bullish indication?

You should always try to have a reward/risk ratio of at least

The top blue line on the chart is considered a?

The bottom blue line on the chart is considered a

On the attached chart where is the Buying Climax located on the chart?

Where is the Automatic Reaction on the chart?

At what point do we have the Secondary Test on the chart?

A Buying Climax will have increased price spread and climatic volume.

Please locate the upthrust on the chart.

Point 4 is?

If you are extremely comfortable with your position, you do not need to enter a stop order.

The secret of success in trading the stock markets is like any other business. LIMITING LOSSES

To stop a major sell off in a stock the following sequence will occur

In a accumulation range volume tends to rise as the trading comes to an end

In a distribution range, volume tends to be higher.

The following chart shows the OP reflecting strong pessimism?

The Optimism Pessimism Index (OP) is hitting new highs compared to two weeks ago, but the price is well below its previous high. This action warns you up a possible change of trend to down?

On the attached chart, we have the Wyckoff Wave and the Optimism Pessimism.

At points “Z” and “F” what is shown between the Wyckoff Wave and the O-P?

On the chart of EEM, the price is showing what when compared to the Force?

What was the significance of the Technometer when the price of EEM was at point (2)?

If the Technometer is registering an “oversold” reading, this means:

If the Force Index is registering lower lows and lower highs, it means

Inharmonious action occurs when both indexes are moving in the same direction but at different speeds.