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CMT Association CMT Level 1 - CMT-Level-I Exam Questions

QUESTION NO: 1
Which of the following is a TRUE statement according to Elliott Wave Theory?

A. A cycle is 3 waves B. The two types of simple corrective processes are zigzags and flats C. A trend divides into three waves in the direction of the next longer trend D. Corrections take place in five wave patterns

Correct Answer: B

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QUESTION NO: 2
In 3-box reversal Point and Figure charts double:

A. Tops can be a continuation pattern B. Patterns are invalid C. Bottoms can be a continuation pattern D. Bottoms and double tops can be continuation patterns

Correct Answer: D

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QUESTION NO: 3
Zoya found that the futures price of Codex International was decreasing, and the open interest was also decreasing. Which of 83the following is taking place in the stock?8485

A. Long bu90ilt up91 B. Short covering8687 C. Short built up8889 D. Profit booking92

Correct Answer: D

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QUESTION NO: 4
As a general rule, in rectangle, triangle, flag and pennant patterns, volume GENERALLY:2

A. Increases as the pattern develops3 B. Stays constant as the pattern develops5 C. Decreases as the pattern develops4 D. Shows signs o6f accumulation

Correct Answer: C

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QUESTION NO: 5
Monetary indicators are considered ____ indicators.

A. Sentiment B. External C. Internal D. Momentum

Correct Answer: B

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QUESTION NO: 6
The stochastic oscillator was created utilizing which basic observation?

A. Volume precedes price B. As prices decline, the trading range tends to narrow C. Prices tend to be closer to the upper end of the trading range during an uptrend D. Existing oscillators were limited to a range of 0 to 100

Correct Answer: C

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QUESTION NO: 7
The abandoned baby candlestick pattern:

A. Can only be formed over long periods of time B. Is a continuation pattern C. Appear upon completion of star patterns D. Ideally has a doji as second candle

Correct Answer: D

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QUESTION NO: 8
Which of the following gives returns only due to price change? Treasury bills, treasury bonds, Agricultural commodities or Precious metals?

A. Agricultural commodities, precious metals, treasury bonds as well as treasury bills B. Precious metals and treasury bills C. Agricultural commodities, precious metals and treasury bills D. Agricultural commodities and precious metals

Correct Answer: C

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QUESTION NO: 9
The descending triangle is just a mirror image of the ascending triangle and is generally considered a ______ pattern.

A. Continuation B. Bullish C. B and C D. Bearish

Correct Answer: C

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QUESTION NO: 10
According to Russell, the major bull market ends when the yields for major Do165w Jones Industrials reach:
166

A. 5.0168 B. 3.5167 C. 7.5169 D. <2.0170

Correct Answer: B

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QUESTION NO: 11
Which of the following is NOT CORRECT regarding the rising and falling three methods candlestick patterns?

A. The small reaction candles remain within the range of the first long candle B. Each pattern consists of three candles C. The final day is another long candle of the opposite color of the preceding small candles D. They are continuation patterns

Correct Answer: B

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QUESTION NO: 12
A breakaway gap usually:

A. Occurs at the end of an important price move3536 B. Signals the beginning of a new trend3334 C. Provides a major divergence signal D. Occurs during the accumulation phase of the market cycle3738

Correct Answer: B

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QUESTION NO: 13
All of the following are similar technical indicators EXCEPT the:

A. Herrick Payoff Index B. Stochastics C. Relative Strength Index D. Williams %R

Correct Answer: A

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QUESTION NO: 14
Chris is determini45ng mean for the data 123.4, 125.7, 129.5, 122.468, 124.7, 133.5, 127.8, 129.5, 130.5,
128.7, 129.5, 132.8. What would be the correct mean?

A. 128.9 B. 129.1 C. 128.2 D. 129.5

Correct Answer: C

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