CHARTERED MARKET TECHNICIAN

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MARKET TECHNICIANS ASSOCIATION

• CHARTERED MARKET TECHNICIAN

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CMT EXAMS

• There are three levels
• Level one is definitions
• Level two is definitions and applications
• Level three is application

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CMT EXAMS

• Ethics are tested on all levels of the exam.
• Level one and level two are multiple choice
  exams.
• Level one is 120 to 132 questions.
• Level two is 150 to 160 questions.
• Level three is all essay.

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Level One

• CMT Level 1 Exam tests the candidates knowledge
  of six basic areas of technical analysis
• 1) Terminology of technical analysis2) Methods
  of charting3) Determination of price
  trends/basics of pattern recognition4)
  Establishing price targets5) Equity market
  analysis6) Applying technical analysis to bonds,
  currencies, futures and options

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LEVEL ONE BOOKS
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MTA CODE OF ETHICS

• You need to know this one page code of ethics and
  understand its application to real world
  situations.

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BOOKS

• Pring, Martin J. Technical Analysis Explained,
  4th Edition, McGraw Hill Book Company, New York,
  NY, c. 2001, ISBN 0-07-138193-7
• Chapters 2 thru 20, and 22 thru 31

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BOOKS CONTINUED

• Edwards, Robert D. and Magee, John, Technical
  Analysis of Stock Trends, 9th Edition, CRC Press,
  Taylor Francis Group, Boca Raton, Florida,
  c2007, ISBN 100-8493-3772-0
• Chapters 1 thru 16.1, 38 39, and 40 thru 43

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BOOKS CONTINUED

• Kirkpatrick, Charles D. and Dahlquist, Julie R.
  Technical Analysis The Complete Resource for
  Financial Market Technicians, Pearson Education,
  Inc., Upper Saddle River, New Jersey 07458, c.
  2006, ISBN 0-13-153113-1
• Chapters 1 thru 6, 8 9, 11 12, 14 thru 21
  and chapter 23

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LEVEL TWO BOOKS
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LEVEL TWO BOOKS

• You are responsible for all previously assigned
  readings.
• This is a cumulative exam.

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LEVEL TWO

• At this level you are responsible for
• Theory
• Basic application of concepts and techniques
• Application of TA
• Use of indicators
• Overall market analysis
• Length of exam is 4 hours

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MTA CODE OF ETHICS

• You need to know this one page code of ethics and
  understand its application to real world
  situations.

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BOOKS

• Kirkpatrick, Charles D. and Dahlquist, Julie R.
  Technical Analysis The Complete Resource for
  Financial Market Technicians, Pearson Education,
  Inc., Upper Saddle River, New Jersey 07458, c.
  2006, ISBN 0-13-153113-1
• Chapters 7, 10, 13 thru 21, 23
• Appendix A

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BOOKS CONTINUED

• Edwards, Robert D. and Magee, John, Technical
  Analysis of Stock Trends, 9th Edition, CRC Press,
  Taylor Francis Group, Boca Raton, Florida,
  c2007, ISBN 100-8493-3772-0
• Chapters 17, 17.1, 17.2, 27, 28

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BOOKS CONTINUED

• Pring, Martin J. Technical Analysis Explained,
  4th Edition, McGraw Hill Book Company, New York,
  NY, c. 2001, ISBN 0-07-138193-7
• Chapters 16, 19, 21, 25, 28

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BOOKS CONTINUED

• Kaufman, Perry J., New Trading Systems and
  Methods, 4th Edition, John Wiley Sons, Inc., c.
  1998, ISBN 0-471-26847-X
• Chapters 1 thru 14, 21, and 23

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BOOKS CONTINUED

• Nison, Steve, Japanese Candlestick Charting
  Techniques, 2nd Edition, New York Institute of
  Finance, c. 2001, ISBN 0-7352-0181-1
• Chapters 1 thru 9

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BOOKS CONTINUED

• Frost, A.J. and Prechter, Robert R., Elliott Wave
  Principle, Tenth Edition, New Classics Library,
  Gainesville, GA c. 1978-2005 ISBN 0-932750-75-3
• Chapters 1 thru 4

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BOOKS CONTINUED

• Wilkinson, Chris Technically Speaking, Traders
  Press Inc., c. 1997, ISBN 0-934380-39-2
• Chapter Phil Roth pages 323-350

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BOOKS CONTINUED

• Pring, Martin J., Investment Psychology
  Explained, John Wiley Sons, Inc., c. 1993,
  ISBN 0-471-13300-0
• ALL CHAPTERS, THE ENTIRE BOOK

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BOOKS CONTINUED

• Aronson, David R Evidence-Based Technical
  Analysis, John Wiley Sons, Inc., Hoboken, New
  Jersey, c. 2007, ISBN-13 978-0-470-00874-4
• Chapters 4 thru 7

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LEVEL THREE BOOKS
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LEVEL THREE BOOKS

• You are responsible for all previously assigned
  readings.
• This is a cumulative exam.

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LEVEL THREE

• At this level you are responsible for
• You are asked to become an analyst, strategist,
  portfolio manager, etc. for the duration of this
  exam.
• You should be able to demonstrate your
  proficiency on various indicators, concepts and
  intermarket relationships.
• You must be able to write clearly and
  thoughtfully expressing your recommendations and
  support for those recommendations.
• Length of exam is 4 hours, or 240 minutes.

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MTA CODE OF ETHICS

• You need to know this one page code of ethics and
  understand its application to real world
  situations.

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BOOKS

• Brown, Constance M., Technical analysis for the
  Trading Professional, McGraw-Hill, c. 1999, ISBN
  0-07-0120625
• Chapters 1 thru 11

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BOOKS CONTINUED

• Murphy, John J., Intermarket Analysis Profiting
  From Global Market Relationships, John Wiley
  Sons Inc., c. 2004, ISBN 0-471-02329-9
• Chapters 1 thru 15

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BOOKS CONTINUED

• Nison, Steve, Japanese Candlestick Charting
  Techniques, 2nd Edition, New York Institute of
  Finance, c. 2001, ISBN 0-7352-0181-1
• Chapters 10 thru 17

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BOOKS CONTINUED

• Shiller, Robert J., Irrational Exuberance, 2nd
  Edition, Princeton University Press, c 2005, ISBN
  0-691-12335-7
• ALL CHAPTERS

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BOOKS CONTINUED

• Frost, A.J. and Prechter, Robert R., Elliott Wave
  Principle, Tenth Edition, New Classics Library,
  Gainesville, GA c. 1978-2005 ISBN 0-932750-75-3
• ALL CHAPTERS, THE ENTIRE BOOK

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MTA CODE OF ETHICS

• You need to know this one page code of ethics and
  understand its application to real world
  situations.
• If you do not pass the ethics portion of the
  Level 3 exam, you will fail the exam.

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WHAT YOU NEED TO KNOW

• Be able to differentiate between an up market and
  a down market.
• Understand oscillators and how they are used.
• Default levels are not always the correct levels.
• Know how to use a trendline.
• Understand the application of all you have read.
• You need to know and understand the MTA code of
  ethics and its application.

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Preparation for these exam

• Read the assigned readings.
• Understand the applications.
• Memorize.
• Feel comfortable with the vocabulary.

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TEST DAY

• Level 1 level 2 give you plenty of time to
  answer the questions.
• Time management is key on most exams and is
  especially important on the Level 3 exam.
• For level 3 one point approximates 1 minute of
  the exam time.
• Budget your time, remember some answers might be
  brief bullet points rather than long essays.
• Get ample sleep before the exam.

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Additional books that will help your preparation
for the exams

• John J. Murphy, TECHNICAL ANALYSIS OF THE
  FINACIAL MARKETS
• The workbook that goes with that book.
• Robert W. Colby, THE ENCYCLOPEDIA OF TECHNICAL
  MARKET INDICATORS.
• Hank Pruden, THE THREE SKILLS OF TOP TRADING.
• Martin J. Pring, STUDY GUIDE FOR TECHNICAL
  ANALYSIS EXPLAINED 4TH EDITION.
• NO, THEY ARE NOT ASSIGNED

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DVDs THAT WILL HELP

• Elliott Wave, Steve Poser
• Point and Figure, Ken Tower
• Introduction to Technical Analysis, Ralph
  Acampora
• Intermarket Analysis, John Murphy
• Foreign Exchange, William Dale
• Volume, Trend Momentum, Philip Roth
• Incorporating Technicals with Fundamentals ,
  Larry Berman

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WHAT TO BRING TO THE EXAM

• You may bring a simple non-memory type
  calculator.
• You may bring a ruler.
• You may bring pencils.
• For level three candidates.
• Although the charts are on the exam you will be
  given a chart package for this exam this is an
  additional package.

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ALERT

• If you do not get your chart package for LEVEL
  THREE EXAM, please alert the proctor and ask for
  your charts.
• Should no charts be available, either reschedule
  the exam or take the exam without the chart
  package. This is your decision. Please call the
  office and report this.
• You are allowed to have a calculator, although
  there is one on the screen, a ruler and a pencil.
  ALL LEVELS.
• If the proctor wont allow you these items, call
  the Marie Penza at the MTA office to reschedule
  the exam.

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WHO IS IN CHARGE OF WHAT

• Marie exam scheduling and exam problems as
  well as Membership.
• Cassandra library, information about joining
  the MTA and finding sponsors.
• Tim CMTi, podcasts and webinars.
• Jeanette Director of the CMT program.

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GOOD LUCK TO ALL

• We here at the Market Technicians Association
  wish you success on your exams.
• We are here to help you.
• Contact information
• Jeanette_at_MTA.org Marie_at_MTA.org
• 646.652.3300