The advance/decline line is be used to time both the purchase and the sale of securities. The advance/decline line is being used to time both the purchase and the sale of securities. Answer: TRUE
Charts are useful as a means of spotting developing trends. Charts are used as a means of spotting developing trends. Answer: TRUE
Charts are only used to confirm past trends. Charts are only used to confirm past trends. Answer: FALSE
The purpose of moving averages is to reduce the effect of random, short-term market fluctuations. The purpose of moving averages is to reduce the effect of random, short-term market fluctuations. Answer: TRUE
The simple moving average is a weighted average. The simple moving average is a weighted average. Answer: FALSE
The relative strength index compares a security's price relative to itself over a period of time. The relative strength index compares a security's price relative to itself over a period of time. Answer: TRUE