CHARTERED MARKET TECHNICIAN

Jeanette Young, CFP, CMT

There are three levels:

Level one is definitions Level two is definitions and applications Level three is application

Jeanette Young, CFP, CMT

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.

Jeanette Young, CFP, CMT

CMT Level 1 Exam tests the candidates knowledge of six basic areas of technical analysis: 1) Terminology of technical analysis 2) Methods of charting 3) Determination of price trends/basics of pattern recognition 4) Establishing price targets 5) Equity market analysis 6) Applying technical analysis to bonds, currencies, futures and options
Jeanette Young, CFP, CMT

Jeanette Young, CFP, CMT

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

Jeanette Young, CFP, CMT

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

Jeanette Young, CFP, CMT

Edwards, Robert D. and Magee, John, Technical Analysis of Stock Trends, 9th Edition, CRC Press, Taylor & Francis Group, Boca Raton, Florida, c2007, ISBN 10:0-8493-3772-0 Chapters: 1 thru 16.1, 17.2, 23, 25, 27-31, and 38 43.

Jeanette Young, CFP, CMT

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 12, 14, 15, 17 21, 23, Appendix A and Appendix B
Jeanette Young, CFP, CMT

du Plessis The Definitive Guide to Point and Figure, A comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method, Harriman House Ltd, 3A Penns Road Petersfield Hampshire, Great Britain ISBN 1-897-59763-0 Chapters: 1 through 4

Jeanette Young, CFP, CMT

Kaufman, Perry J., New Trading Systems and Methods, 4th Edition, John Wiley & Sons, Inc., c. 1998, ISBN 0-471-26847-X Chapters: 4. Charting Systems and Techniques 18. Price Distribution systems

Jeanette Young, CFP, CMT

Jeanette Young, CFP, CMT

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

Jeanette Young, CFP, CMT

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
Jeanette Young, CFP, CMT

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

Jeanette Young, CFP, CMT

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 15, 17 - 21, & 23 Appendix A
Jeanette Young, CFP, CMT

Edwards, Robert D. and Magee, John, Technical Analysis of Stock Trends, 9th Edition, CRC Press, Taylor & Francis Group, Boca Raton, Florida, c2007, ISBN 10:0-8493-3772-0 Chapters: 17, 17.1, 17.2, 23, 24, 27, 28, 42 and Appendix A

Jeanette Young, CFP, CMT

Pring, Martin J.: Technical Analysis Explained, 4th Edition, McGraw Hill Book Company, New York, NY, c. 2001, ISBN 007-138193-7 Chapters: 16, 19, 21, 25, & 28

Jeanette Young, CFP, CMT

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, 20, 21, 23, and 24

Jeanette Young, CFP, CMT

Nison, Steve, Japanese Candlestick Charting Techniques, 2nd Edition, New York Institute of Finance, c. 2001, ISBN 07352-0181-1 Chapters: 1 thru 9

Jeanette Young, CFP, CMT

du Plessis The Definitive Guide to Point and Figure, A comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method, Harriman House Ltd, 3A Penns Road Petersfield Hampshire, Great Britain ISBN 1-897-59763-0 Chapters: 5 through 9

Jeanette Young, CFP, CMT

Frost, A.J. and Prechter, Robert R., Elliott Wave Principle, Tenth Edition, New Classics Library, Gainesville, GA c. 19782005 ISBN 0-932750-75-3 Chapters: 1 thru 4

Jeanette Young, CFP, CMT

This can now be found in the MTA Knowledge Base Wilkinson, Chris: Technically Speaking, Traders Press Inc., c. 1997, ISBN 0-934380-39-2 Chapter: Phil Roth pages 323-350

Jeanette Young, CFP, CMT

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

Jeanette Young, CFP, CMT

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

Jeanette Young, CFP, CMT

Jeanette Young, CFP, CMT

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

Jeanette Young, CFP, CMT

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.
Jeanette Young, CFP, CMT

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.

Jeanette Young, CFP, CMT

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

Jeanette Young, CFP, CMT

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

Jeanette Young, CFP, CMT

Nison, Steve, Japanese Candlestick Charting Techniques, 2nd Edition, New York Institute of Finance, c. 2001, ISBN 07352-0181-1 Chapters: 10 thru 17

Jeanette Young, CFP, CMT

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

Jeanette Young, CFP, CMT

Frost, A.J. and Prechter, Robert R., Elliott Wave Principle, Tenth Edition, New Classics Library, Gainesville, GA c. 19782005 ISBN 0-932750-75-3 ALL CHAPTERS, THE ENTIRE BOOK

Jeanette Young, CFP, CMT

du Plessis The Definitive Guide to Point and Figure, A comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method, Harriman House Ltd, 3A Penns Road Petersfield Hampshire, Great Britain ISBN 1-897-59763-0 THE ENTIRE BOOK

Jeanette Young, CFP, CMT

Be able to differentiate between an up market and a down market. Understand oscillators/indicators 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.

Jeanette Young, CFP, CMT

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

Jeanette Young, CFP, CMT

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.

Jeanette Young, CFP, CMT

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

Martin J. Pring, STUDY GUIDE FOR TECHNICAL ANALYSIS EXPLAINED 4TH EDITION

NO, THEY ARE NOT ASSIGNED

Jeanette Young, CFP, CMT

www.MTA.org Our Knowledge Base is a great resource and depositary of information about anything Technical Analysis.use it! www.stockcharts.com Go to chart school and you will find interesting information www.Bollingerbands.com

Jeanette Young, CFP, CMT

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
Jeanette Young, CFP, CMT

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.

Jeanette Young, CFP, CMT

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.

Jeanette Young, CFP, CMT

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.

Jeanette Young, CFP, CMT

We here at the Market Technicians Association wish you success on your exams. We are here to help you. Contact information:

Jeanette@MTA.org Cassandra@MTA.org

Marie@MTA.org Tim@MTA.org

646.652.3300
Jeanette Young, CFP, CMT