Which statement is NOT correct ? a) As the MSI getting closer to , it is expected the market is going to become bullish . b) The market sentiment index (MSI ) is a number between 0 and 1 c) If the 50-day moving average of a stock price crosses the 200 - day one from above , this is a bearish signal . d) According to Elliott Waves , there is an eight -wave repeating sequence and the first five waves are impulse waves . e) Resistance level is the upper -level price , and the support level is the lower -level price which a stock is unlikely to pass .