(CMT) Program -- Level 2 - Market Technicians Association
(CMT) Program -- Level 2 - Market Technicians Association
(CMT) Program -- Level 2 - Market Technicians Association
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Chartered <strong>Market</strong> Technician (<strong>CMT</strong>) <strong>Program</strong> -- <strong>Level</strong> 2 -- Spring 2009The <strong>CMT</strong> 2 candidate is responsible for the theory and some basic application of concepts and techniquescovered by the assigned readings. The <strong>CMT</strong> 2 candidate must expand his/her understanding of technicalanalysis to apply various technical indicators and techniques in the analysis of the overall market or anindividual security.The <strong>CMT</strong> <strong>Level</strong> 2 Exam requires the candidate to demonstrate a greater depth of competency andproficiency by applying more advanced analytical techniques.Exam time length: 4 hours. Exam format: MULTIPLE CHOICEListed below and on the following page are the reading assignments for the Spring 2009 <strong>CMT</strong> <strong>Level</strong> 2Exams. The <strong>CMT</strong> candidate is responsible for knowing and understanding the entire list of readingassignments, in addition to the <strong>CMT</strong> 1 reading assignments.Past exams/questions are NOT available for review. However, sample questions are available forpurchase through the Shopping Cart (<strong>CMT</strong> Prep Materials) on MTA website.* * * * * * * * * * * * * * * * * * * * * * * *<strong>CMT</strong> <strong>Level</strong> 2 Exam Reading AssignmentsThe following reading assignments are required by the <strong>Market</strong> <strong>Technicians</strong> <strong>Association</strong> AccreditationCommittee in preparation for the Spring 2009 <strong>CMT</strong> <strong>Level</strong> 2 Exam: Please note in red are new additions.1) MTA Code of Ethics. (See page 4)2) Frost, A.J. and Prechter, Robert R., Elliott Wave Principle, Tenth Edition, New Classics Library,Gainesville, GA c. 1978-2005, ISBN 0-932750-75-3Chapters:1. The Broad Concept2. Guidelines of Wave Formation3. Historical and Mathematical Background4. Ratio Analysis and Fibonacci Time Sequences3) Kaufman, Perry J., New Trading Systems and Methods, 4th Edition, John Wiley & Sons, Inc.,c.1998, ISBN 0-471-26847-XChapters:1. Introduction2. Basic Concepts3. Charting4. Charting Systems and Techniques1
6. Regression Analysis7. Time-Based Trend Calculations8. Time Based Trend Systems9. Momentum and Oscillators10. Seasonality11. Cycle Analysis12. Volume, Open Interest and Breadth13. Spreads and Arbitrage14. Behavioral Techniques21. System Testing23. Risk Control<strong>CMT</strong> 2 Reading Assignments, continued4) Kirkpatrick, Charles D. and Dahlquist, Julie R.: Technical Analysis The CompleteResource for Financial <strong>Market</strong> <strong>Technicians</strong>, Pearson Education, Inc., Upper SaddleRiver, New Jersey 07458, c. 2006, ISBN 0-13-153113-1Chapters:7. Sentiment10. Flow of Funds13. Breakouts, Stops, and Retracements14. Moving Averages15. Bar Chart Patterns17. Short-Term Patterns18. Confirmation19. Cycles20. Elliott, Fibonacci, and Gann21. Selection of <strong>Market</strong> and Issues: Trading and Investing23. Money and Risk ManagementAppendix A. Basic Statistics5) Nison, Steve, Japanese Candlestick Charting Techniques, 2 nd Edition, New York Institute ofFinance, c.2001, ISBN 0-7352-0181-1Chapters:1. Introduction2. A Historical Background3. Constructing the Candlestick4. Reversal Patterns5. Stars6. More Reversal Patterns7. Continuation Patterns9. Putting It All Together6) Pring, Martin J., Investment Psychology Explained, John Wiley & Sons, Inc., c.1993, ISBN 0-471-13300-0Chapters:All Chapters2
<strong>CMT</strong> 2 Reading Assignments, continued7) Pring, Martin J.: Technical Analysis Explained, 4 th Edition, McGraw Hill Book Company, NewYork, NY, c.2001, ISBN 0-07-138193-7Chapters:16. The Concept of Relative Strength19. Price: Group Rotation25. Why Interest Rates Affect the Stock <strong>Market</strong>28. Checkpoints for Identifying Primary Stock <strong>Market</strong> Peaks and Troughs8) Wilkinson, Chris: Technically Speaking, Traders Press Inc., c.1997, ISBN 0-934380-39-2Chapters:Phil Roth, pages 323-3509) Aronson, David R.: Evidence-Based Technical Analysis, John Wiley & Sons, Inc., Hoboken,New Jersey, c. 2007 by David R. Aronson. ISBN-13: 978-0-470-00874-4 (cloth),ISBN-10: 0-470-00874-1 (cloth)Chapters:4. Statistical Analysis5. Hypothesis Tests and Confidence Intervals6. Data-Mining Bias: the Fool’s Gold and Objective TA7. Theories of Nonrandom Price Motion[End of Book List for Spring 2009 <strong>CMT</strong> <strong>Level</strong> 2 Exams]<strong>Market</strong> <strong>Technicians</strong> <strong>Association</strong> Revised November 200861 Broadway, Suite 514New York, NY 10006Phone: 646-652-3300Fax: 646-652-3322e-mail: cmt@mta.orgwebsite: www.mta.org3
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