True or False

11.) In an efficient market, there should be no over-reaction to company news.

________ 12.) The MACD is most effective in trading markets (lateral price movement).

________ 13.) Investors often make decisions in order to minimize the fear of regret.

________ 14.) Small negative correlations exist for stocks over short time horizons.

________ 15.) The benefit of a descending triangle pattern is that you know the price breakout

will be to the downside, even if you dont know exactly when it will occur.

________ 16.) Bollinger bands vary in distance from the center moving average as a function of

the securitys price volatility.

________ 17.) When using a moving average as an indicator, a sell signal occurs when the

security rises above the moving average.

________ 18.) As a trading rule, if the security is making a new price high, but the RSI is failing

to surpass its previous high, a price trend reversal is likely.