1. What is meant by Markets take the stairs up and the elevator down.? In terms of risk management then, is it safer to be a long or a short? 2. What is meant by a dead cat bounce? 3. What is meant by dont catch a falling knife? 4. In Dow Theory, what is meant by transports needing to confirm? Are they doing so now? (IYT, UPS, FDX, NSC, JBHT, EXPD) 5. The high and low of AAPL over the past year are 182.94 and 116.21, respectively. Compute the 23.6%, 38.2% and 50% Fibonacci retracement levels. 6. What are some fundamental drivers of equity prices? 7. The margin on 1 ZW contract is $5,940 with tic size of $0.25 which is equal to $12.50. Suppose you buy 1 ZW to open at 945 and the price then moves to 1060. What is your P/L? 8. The margin on 1 ES contract is $16,632 with tic size of $0.25 which is equal to $12.50. Suppose you buy 2 ES to open at 4370, but now the price is 4260. What is your P/L? 9. In problem 8 above, suppose we had $33,000 in our account when we opened the trade. To hold our position, how much money do we need to wire overnight to meet the margin requirement? 10. Are corporate tax revenues cyclical? 11. Suppose the SPX is your benchmark. Since the beginning of 2022, the SPX is down 8.5%. The portfolio you manage is down 3.9%. What is your alpha as a fund manager? 12. When we say that many technical indicators are fractal, what does this mean? 13. What role do P/Es play in predicting future stock price performance?