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

Questions # 41:

A correlation coefficient of 0.75 between two variables suggests ______ relationship:

Options:

extremely strong

strong

low

non-existent

Questions # 42:

Technicians refer to the speed of price movement as:

Options:

Volume

Trend

Slope or momentum

Ratio of two prices

Questions # 43:

_____________ captures an increasing part of the profits as price moves in a favorable direction.

Options:

Initial Stop

Trailing stop

Sell stop

Standard deviation stop

Questions # 44:

Which of the following factors would NOT increase the predictive power of a dark cloud cover pattern?

Options:

The dark cloud cover occurs in the middle of a trading range

During a downtrend, a white real body with shaven head and bottom followed by a black body also with a shaven head and bottom

If the second day of trading opens above a resistance level and then fails

Heavy volume on the second day indicates a buying blow o

Questions # 45:

From a contrarian's perspective, which of the following would be considered a bullish indicator?

Options:

A Business Week cover with a story on "The Death of Equities"

The vast majority of professional financial letter writers are bullish

CNBC is on the television at the local bar, and everyone is paying attention

Sales of investment books are increasingly dramatically

Questions # 46:

A morning star pattern is typically:

Options:

A very small pattern consisting of two candles that is infrequently seen

A continuation consisting of at least five candles

A bottom reversal pattern consisting of three candles

A top reversal pattern consisting of three candles

Questions # 47:

This chart type integrates volume directly into the price bar:

Options:

Equivolume

VWOP

Renko

Ichimoku Cloud

Questions # 48:

Which of the following is one of the key rules for traders?

Options:

Take profits but be patient with losing positions and give them time to rebound

Buy low, sell high

Be a contrarian and trade against the trend

Always meet margin calls promptly

Questions # 49:

Which of the following best helps quantify the risk of a trading system?

Options:

Maximum Cumulative Drawdown

Maximum Favorable Excursions

Longest Flat Time

Length of Average Winning Trade

Questions # 50:

If we increase the sample size what effect does it have on the approximation/outcome of the statistical tests?

Options:

The approximation will decrease

The approximation will improve

It has no effect on the approximation

The approximation will not improve

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