21. High mutual fund cash positions would represent withdrawal from the market and thus a possible future market decline. True False 22. The Dow Theory maintains that there are three major fluctuations in the market: daily fluctuations, weekly fluctuations, and yearly fluctuations. True False 23. Chartists carefully read point and figure charts to observe market patterns (where there is support, resistance, breakouts, congestion, etc.). True False 24. The essence of the contrary opinion rule is that it is easier to figure out who is right than who is wrong. True False 25. The Barron's Confidence Index is used to observe the trading pattern of investors in the stock market. True False
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