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TYPICAL PARAMETERS FOR INTERMEDIATE TRENDS
Answers
1. D. Correctly identifying intermediate trends has a dual function. First, it serves as evidence that the prevailing primary trend is about to or has just reversed. Since intermediate price movements last for many weeks or even months, they also provide useful trading opportunities.
2. C. Three is the established norm, but there are numerous exceptions to this rule.
3. B. Typically, an intermediate bear market rally will last for a much shorter period than an intermediate rally in a bull market. The average for the former between 1932 and 1982 was 7 weeks, and that of the latter was 24 weeks.
4. A. Contratrend moves are more liable to end up as whipsaws than pro-trend price movements.
5. G. ...
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