CMT Level II Exam (CMT-Level-II) Practice Test

Questions # 21:

Which of the following is a CORRECT interpretation of volume?

Options:

In an uptrend, volume should increase on down days

In a downtrend, volume should increase on up days

Price precedes volume

Volume precedes price

Questions # 22:

Which of the following is GENERALLY true of financial media explanations for market moves?

Options:

These stories uncover the true underlying drivers of the market

Such stories are essentially gossip

Price movements are not news

These stories are generally the authoritative explanation of market moves

Questions # 23:

Which of the following is NOT true of the Relative Strength Index

Options:

It is scaled from 0 to 100

It is more volatile than simple measures of momentum

It uses all the price values in a time period

It is frequently used to determine overbought and oversold levels

Questions # 24:

Which of the following is NOT true in chart interpretation:

Options:

A price chart is a representation of human behavior

The goal is to find consistent, reliable and logical patterns

Chart patterns can be caused by commonly used trading techniques

The behavioral aspects of prices are irrational

Questions # 25:

Which of the following is true of W.D. Gann's trading techniques?

Options:

His work is valid for equities but does not apply to commodities

When price meets time, a change is imminent

Gann used 10%, 20%, 30% and 40% as his key resistance and retracement levels

Gann's work is an advanced interpretation of point and figure charts

Questions # 26:

Which of the following is a continuation pattern:

Options:

Head and shoulders

Wedge

Broadening top

V-bottom

Questions # 27:

According to the raw performance statistics which of the following statements predicts the correct when the performance of a broadening pattern at its best and its failure rate?

Options:

At best, the performance of an expanding pattern is average, and its rate of failure is above average

At best, the performance of an expanding pattern is average, and its rate of failure is below average

At best, the performance of an expanding pattern is above average, and its rate of failure is above average

At best, the performance of an expanding pattern is below average, and its rate of failure is above average

Questions # 28:

Which of the following is most likely to occur when the overall market is deeply oversold and on the verge of reversing?

Options:

Lagging groups fail to confirm new lows

Leading groups fail to confirm new lows

Relative strength of lagging groups begins to improve

Leading groups make new lows and accelerate to the downside

Questions # 29:

On which of the following factors will the analyst choose the scale for the trend analysis?

Options:

It depends upon the type of analysis only

It depends upon the period being explored only

It depends upon the type of analysis or the period being explored

It depends upon the type of analysis and the period being explored

Questions # 30:

Which of the following is typically a period of heavier volume?

Options:

First day of the week

Day before a holiday

Triple witching days

Summer days

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