QUESTION 1 The basic concept behind the use of a trendline is that a. prices rise and fall in cyclical patterns b. a trend in motion will tend to remain in motion until it reverses c. price and volume tend to confirm each other O d. prices follow a natural rhythm QUESTION 2 The objective of the Dow Theory is to determine a. changes in market psychology b. the likelihood of volume reversals C. the primary direction of the stock market d. iming of market bottoms QUESTION 3 The advance decline line is used to indicate a. if the majority of stocks in the market are acting in concert with the major averages b. if the intermediate market cycle is nearing completion C. if volume trends are confirming price trends d. if a bull market is occurring