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CMT Association CMT-Level-II - CMT Level II Exam

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Total 262 questions

Which of the following places the cycles in time length order?

A.

Lunar, presidential, seasonal, alpha/beta and Kondratieff

B.

Kondratieff, presidential, alpha/beta, seasonal and lunar

C.

Alpha/beta, presidential, seasonal, lunar, and Kondratieff

D.

Alpha/beta, lunar, seasonal, presidential and Kondratieff

What would be the price objective for a head and shoulders pattern with a neckline at 63, top of the first shoulder at 72, top of the head at 96 and top of the second shoulder at 78?

A.

10

B.

96

C.

48

D.

30

Which of the following is one of the advantages of computerized trading systems?

A.

Computerized trend following systems are profitable in all types of markets

B.

Computerized systems improve the interpretation of complex trading patterns

C.

Computerized trading systems remove the human emotion element

D.

All of the above

What is the importance of time in interpreting the saucer and peak patterns?

A.

Longer time periods increase the signaling importance of saucers but not of peaks

B.

Saucer bottoms are more valid when they form over a short time period

C.

Long time periods between market peaks and troughs reduce the potential for a market reversal

D.

Longer formation time periods increase the signaling importance of both saucers and peaks

A trend-based trading system where the trend is the weighting of the recent closing prices by a smoothing constant:

A.

Point and figure

B.

Simple moving average

C.

Exponential smoothing

D.

N-day break

Which of the following method is used to plot sequential trading data? Choose the best possible answer.

A.

Point-and-figure charts

B.

Line charts

C.

Japanese candlestick charts

D.

Bar charts

How might one detrend data to determine if a cycle exists?

A.

Divide the current prices by a moving average of those prices

B.

Create an oscillator that plots a standard deviation of the period lows

C.

Apply volume weighting to both high and lows in the data

D.

Plot a linear regression line through the data midpoin

Which of the following is a component of the Code of Ethics?

CFA Institute members shall:

A.

use particular care in determining applicable fiduciary duty.

B.

use reasonable care and exercise independent professional judgment.

C.

maintain and improve the competence of other investment professionals.

D.

practice and encourage others to practice in a professional and an ethical manner.

Allen Johnson, CMT, is working in the Singapore office of German Investment Corporation. From an informal conversation, Allen learns that the company's most recent annual report contains misappropriated

information. No one at the Singapore office expresses concern, however, because there has been no breach of Singapore's law. Barrett should:

A.

do nothing because the branch is outside of German jurisdiction.

B.

seek advice from the company counsel to determine appropriate action.

C.

do nothing because the branch is outside of Singapore's jurisdiction.

D.

disassociate himself from the case with a written report to his supervisor.

Which of the following is not an example of initial decision taken into consideration in the field of system testing?

A.

Set the time-routine

B.

You need a Risk Management Plan

C.

You need to configure the machine time horizon

D.

Determine what markets to concentrate can be delayed initially