CMT Level 1 - Sample Questions
UPDATED Exam Questions and
CORRECT Answers
Cycles are GENERALLY measured
a. High to low
b. Low to low
c. High to high
d. Either b or c - CORRECT ANSWER- Answer: b. Low to low
Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The...
Cycles are GENERALLY measured
a. High to low
b. Low to low
c. High to high
d. Either b or c - CORRECT ANSWER- Answer: b. Low to low
Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete
Resource for Financial Market Technicians. Chapter 19.
This cycle principle states as stocks go through similar cycles, the size and magnitude will
differ.
a. Commonality
b. Variation
c. Summation
d. Proportionality - CORRECT ANSWER- Answer: b. Variation
Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete
Resource for Financial Market Technicians. Chapter 19.
In regards to cycle analysis, translation is:
a. Distance between troughs
b. Distance between 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 - CORRECT ANSWER- Answer: c.
Useful in checking where the trend direction is headed or if it is changing
,Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete
Resource for Financial Market Technicians. Chapter 19.
Which would be the MOST useful aspect of a cycle in studying the relationship between
cycles of different lengths?
a. Phase
b. Period
c. Amplitude
d. None of the above - CORRECT ANSWER- Answer: a. Phase
Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete
Resource for Financial Market Technicians. Chapter 19.
A complete Elliott wave cycle is made up of how many waves?
a. 5
b. 3
c. 8
d. 13 - CORRECT ANSWER- Answer: c. 8
Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete
Resource for Financial Market Technicians. Chapter 20.
When analyzing long term price movements, it could be helpful to use which type of chart?
a. Candle chart
b. Logarithmic chart
c. Bar chart
d. Point and figure chart - CORRECT ANSWER- Answer: b. Logarithmic chart
,Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete
Resource for Financial Market Technicians. Chapter 11.
In a normal 5-wave Elliott impulse wave, which wave is USUALLY expected to be the
longest and most dynamic?
a. 3rd
b. 5th
c. 1st
d. 1st but sometimes 3rd - CORRECT ANSWER- Answer: a. 3rd
Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete
Resource for Financial Market Technicians. Chapter 20.
Which of the following would MOST likely be a continuation pattern?
a. Engulfing pattern
b. Head and shoulders
c. Double bottom
d. Flag - CORRECT ANSWER- Answer: d. Flag
Reference: Edwards, Robert D. and Magee, John, Technical Analysis of Stock Trends, 9th
Edition. Chapter 11.
Which of the following would NOT be considered a support level?
a. Previous high
b. Previous low
c. Trading range
d. All the above are considered to be support levels - CORRECT ANSWER- Answer: d. All
the above are considered to be support levels
, Reference: Edwards, Robert D. and Magee, John, Technical Analysis of Stock Trends, 9th
Edition. Chapter 13.
According to Robert Rhea's hypotheses:
I. The primary trend is inviolate
II. The averages discount 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 - CORRECT ANSWER- Answer: c. I, II, and III
Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete
Resource for Financial Market Technicians. Chapter 6.
For a breakout or breakdown from a triangle to be considered valid it should occur NO
MORE than _______ of the distance to the apex from the beginning of the pattern?
a. One-half
b. Two-thirds
c. Three-quarters
d. Five-sixths - CORRECT ANSWER- Answer: c. Three-quarters
Reference: Dahlquist, Julie R., and Charles D. Kirkpatrick. Technical Analysis: The Complete
Resource for Financial Market Technicians. Chapter 15.
What is indicated when Bollinger Bands narrow?
a. A stock is ready for a rally
b. A stock is ready for a decline
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