Chartered Market Technician - Level 1 (CMT L1) Questions and Answers 100% Correct

Chartered Market Technician - Level 1 (CMT L1)
Questions and Answers 100% Correct

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Terms in this set (137)


Cycles are GENERALLY Answer: b. Low to low
measured
a. High to low Reference: Dahlquist, Julie R., and Charles D.
b. Low to low Kirkpatrick. Technical Analysis: The Complete
c. High to high Resource for Financial Market Technicians. Chapter 19.
d. Either b or c

This cycle principle states Answer: b. Variation
as stocks go through
similar cycles, the size and Reference: Dahlquist, Julie R., and Charles D.
magnitude will differ. Kirkpatrick. Technical Analysis: The Complete
Resource for Financial Market Technicians. Chapter 19.
a. Commonality
b. Variation
c. Summation
d. Proportionality

,In regards to cycle Answer: c. Useful in checking where the trend
analysis, translation is: direction is headed or if it is changing


a. Distance between Reference: Dahlquist, Julie R., and Charles D.
troughs Kirkpatrick. Technical Analysis: The Complete
b. Distance between Resource for Financial Market Technicians. Chapter 19.
peaks
c. Useful in checking
where the trend direction
is headed or if it is
changing
d. To the left when the
peak is beyond the
halfway point

Which would be the MOST Answer: a. Phase
useful aspect of a cycle in
studying the relationship Reference: Dahlquist, Julie R., and Charles D.
between cycles of Kirkpatrick. Technical Analysis: The Complete
different lengths? Resource for Financial Market Technicians. Chapter 19.


a. Phase
b. Period
c. Amplitude
d. None of the above

A complete Elliott wave Answer: c. 8
cycle is made up of how
many waves? Reference: Dahlquist, Julie R., and Charles D.
Kirkpatrick. Technical Analysis: The Complete
a. 5 Resource for Financial Market Technicians. Chapter 20.
b. 3
c. 8
d. 13

,When analyzing long term Answer: b. Logarithmic chart
price movements, it could
be helpful to use which Reference: Dahlquist, Julie R., and Charles D.
type of chart? Kirkpatrick. Technical Analysis: The Complete
Resource for Financial Market Technicians. Chapter 11.
a. Candle chart
b. Logarithmic chart
c. Bar chart
d. Point and figure chart

In a normal 5-wave Elliott Answer: a. 3rd
impulse wave, which wave
is USUALLY expected to Reference: Dahlquist, Julie R., and Charles D.
be the longest and most Kirkpatrick. Technical Analysis: The Complete
dynamic? Resource for Financial Market Technicians. Chapter 20.


a. 3rd
b. 5th
c. 1st
d. 1st but sometimes 3rd

Which of the following Answer: d. Flag
would MOST likely be a
continuation pattern? Reference: Edwards, Robert D. and Magee, John,
Technical Analysis of Stock Trends, 9th Edition.
a. Engulfing pattern Chapter 11.
b. Head and shoulders
c. Double bottom
d. Flag

, Which of the following Answer: d. All the above are considered to be support
would NOT be considered levels
a support level?
Reference: Edwards, Robert D. and Magee, John,
a. Previous high Technical Analysis of Stock Trends, 9th Edition.
b. Previous low Chapter 13.
c. Trading range
d. All the above are
considered to be support
levels

According to Robert Answer: c. I, II, and III
Rhea's hypotheses:
I. The primary trend is Reference: Dahlquist, Julie R., and Charles D.
inviolate Kirkpatrick. Technical Analysis: The Complete
II. The averages discount Resource for Financial Market Technicians. Chapter 6.
everything
III. Dow Theory is not
infallible
IV. Dow Theory is
predictable


a. I and II
b. I and III
c. I, II, and III
d. I, II, III, and IV