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Study Guide for Technical Analysis Explained Fifth Edition, 5th Edition by Martin J. Pring

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19

THE CONCEPT OF RELATIVE STRENGTH

Questions

Subjects to Be Covered

What is relative strength?

Interpreting relative strength

Comparing relative strength to the absolute price

Using trendlines with relative strength

Comparing the relative action of two different stock markets

1. Which of the following statements is true?

A. Relative strength measures the relationship between two securities.

B. The relationship between a stock and a market average is the only useful way of using relative strength.

C. Comparative relative strength includes the RSI.

D. A and B

2. When the RS trend reverses to the downside, it is safe to conclude:

A. That the price will sooner or later follow suit

B. That it is probably a whipsaw since the price has not confirmed ...

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