The Elliot Wave Theory Maintains That the Bullish Behaviour of the Share

question 32

Multiple Choice

The Elliot wave theory maintains that the bullish behaviour of the share market can be explained as:

• A) a series of medium-term and long-term waves.
• B) a series of long-term waves upwards, and short-term waves downwards.
• C) a series of three major waves upwards, followed by two major waves downwards.
• D) none of the given answers.

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Definitions:

North America

A continent in the Northern Hemisphere and almost entirely within the Western Hemisphere, including countries such as Canada, the United States, and Mexico.

Slave Codes

Laws established in the colonial and antebellum South to define the status of slaves and codify the denial of basic civil rights to them.

Free Blacks

African Americans who were not enslaved before the abolition of slavery, living in both the North and South, facing systemic racism and discrimination.

Planters

Wealthy landowners in the American South who owned plantations and typically enslaved African Americans to work on them.