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Question 1 of 10
1. Question
In some pointandfigure charts, what is the actual representation of the new price recorded on the chart?
Correct
In some pointandfigure charts, the first letter or the number of the month is plotted instead of the X or O when a new price is first recorded for a new month.
Incorrect
In some pointandfigure charts, the first letter or the number of the month is plotted instead of the X or O when a new price is first recorded for a new month.

Question 2 of 10
2. Question
Which of the following figures can not be plotted on a point and figure chart when we have to plot months and years together? Choose the best possible answer.
Correct
We can similarly plot years, weeks, and days, depending on how sensitive the chart may be to changes in price.
Incorrect
We can similarly plot years, weeks, and days, depending on how sensitive the chart may be to changes in price.

Question 3 of 10
3. Question
What is the reason behind time being an important aspect of pointandfigure chart analysis?
Correct
In the pointandfigure charts, the analysis time is of little importance. In many cases, it is only plotted to see how long a formation or pattern takes to form.
Incorrect
In the pointandfigure charts, the analysis time is of little importance. In many cases, it is only plotted to see how long a formation or pattern takes to form.

Question 4 of 10
4. Question
Which of the following is the reason behind choosing a logarithmic scale? Select the best possible answer.
Correct
When long periods of trading activity are plotted, as in bar charts, distortion arises from the fact that most charts are plotted on an arithmetical scale. Action on low prices doesn’t look as active as action on high prices. Logarithmic scale shifts the plot to include an increase in percentage rather than an absolute change in size.
Incorrect
When long periods of trading activity are plotted, as in bar charts, distortion arises from the fact that most charts are plotted on an arithmetical scale. Action on low prices doesn’t look as active as action on high prices. Logarithmic scale shifts the plot to include an increase in percentage rather than an absolute change in size.

Question 5 of 10
5. Question
Which of the following is the correct method to plot a percentage change in pointandfigure charts?
Correct
The prices are converted into their logarithmic equivalent and plotted as a logarithmic number to account for the percentage change in pointandfigure charts. This makes it difficult to analyze immediately unless a logarithmic equivalent table is immediately available because most analysts can not translate the logarithmic number into the actual price
In the eyes.Incorrect
The prices are converted into their logarithmic equivalent and plotted as a logarithmic number to account for the percentage change in pointandfigure charts. This makes it difficult to analyze immediately unless a logarithmic equivalent table is immediately available because most analysts can not translate the logarithmic number into the actual price
In the eyes. 
Question 6 of 10
6. Question
Which of the following scale is used to plot data for investment and trading?
Correct
Logarithmic should only be used for long stretches of price data in which significant uncertainty has meaninglessly made an arithmetic scale. The arithmetic scale is not only as useful for most investment and trading but it is also easier to read and translate to real prices.
Incorrect
Logarithmic should only be used for long stretches of price data in which significant uncertainty has meaninglessly made an arithmetic scale. The arithmetic scale is not only as useful for most investment and trading but it is also easier to read and translate to real prices.

Question 7 of 10
7. Question
Which of the following graphical representation is used to plot a single statistic?
Correct
The simplest of these methods are line charts that plot a single statistics. More overview information is provided by bar charts and the more colorful Japanese candlestick charts. Pointandfigure charts provide a very different approach to the graphing of price data; this method is used to plot sequential trading data with emphasized price trends and reversals.
Incorrect
The simplest of these methods are line charts that plot a single statistics. More overview information is provided by bar charts and the more colorful Japanese candlestick charts. Pointandfigure charts provide a very different approach to the graphing of price data; this method is used to plot sequential trading data with emphasized price trends and reversals.

Question 8 of 10
8. Question
Which of the following method is used to plot sequential trading data? Choose the best possible answer.
Correct
Pointandfigure charts provide a very different approach to price data graphing; with this method, sequential trading data is plotted with highlighted price trends and reversals.
Incorrect
Pointandfigure charts provide a very different approach to price data graphing; with this method, sequential trading data is plotted with highlighted price trends and reversals.

Question 9 of 10
9. Question
On which of the following factors will the analyst choose the scale for the trend analysis?
Correct
The frequency an analyst chooses will depend on the type of analysis being performed and the time period being explored. Analysts may choose to use an arithmetic scale where the graph’s vertical distance is always the same dollar amount, or an analyst may prefer a logarithmic scale so that the chart’s vertical distance always represents the same change in percentage.
Incorrect
The frequency an analyst chooses will depend on the type of analysis being performed and the time period being explored. Analysts may choose to use an arithmetic scale where the graph’s vertical distance is always the same dollar amount, or an analyst may prefer a logarithmic scale so that the chart’s vertical distance always represents the same change in percentage.

Question 10 of 10
10. Question
Which of the following scale is used where the vertical distance on the graph always represents the same dollar amount?
Correct
Analysts may opt to use an arithmetic scale where the graph’s vertical distance always represents the same dollar sum, or an analyst might choose a logarithmic scale so that the chart’s vertical distance always reflects the same shift in percentages.
Incorrect
Analysts may opt to use an arithmetic scale where the graph’s vertical distance always represents the same dollar sum, or an analyst might choose a logarithmic scale so that the chart’s vertical distance always reflects the same shift in percentages.