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CMT Level I 2019: An Introduction to Technical Analysis

Paperback

$224.95

CMT Level I 2019: An Introduction to Technical Analysis

Wiley

ISBN: 978-1-119-54345-9 December 2018 672 Pages

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Description

Everything you need to pass Level I of the CMT Program

CMT Level I 2019: An Introduction to Technical Analysis fully prepares you to demonstrate the basic competencies of an entry-level analyst, including a working knowledge of terminology and the ability to discuss key concepts and fundamental analytical tools. Covered topics address theory and history, markets, market indicators, construction, confirmation, cycles, selection and decision, system testing, and statistical analysis. The Level I exam emphasizes trend, chart, and pattern analysis.

This cornerstone guidebook of the Chartered Market Technician® Program will provide every advantage to passing the Level I CMT Exam.

Introduction ix

The CMT Association ix

The CMT Program x

The Level I Textbook xii

Section I Theory and History of Technical Analysis 1

Chapter 1 The Basic Principle of Technical Analysis—The Trend 3
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 2 Dow Theory 15
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 3 History and Construction of Charts 27
Charles D. Kirkpatrick II and Julie R. Dahlquist

Section II Charts, Trends, and Patterns 45

Chapter 4 Trends—The Basics 47
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 5 Breakouts, Stops, and Retracements 75
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 6 Moving Averages 97
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 7 Bar Chart Patterns 125
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 8 Short-Term Patterns 158
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 9 Confirmation 200
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 10 Candlestick Charting Essentials 242
Steve Nison

Chapter 11 Point-and-Figure Charting 252
Perry J. Kaufman

Section III Advanced Concepts In Charting and Trend Analysis 279

Chapter 12 Introduction to the Wave Principle 281
Wayne Gorman, Jeffrey Kennedy, and Robert R. Prechter, Jr.

Chapter 13 The Anatomy of E lliott Wave Trading 299
Wayne Gorman, Jeffrey Kennedy, and Robert R. Prechter, Jr.

Chapter 14 Measuring Market Strength 314
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 15 Foundations of Cycle Theory 347
Kyle Crystal, CMT, CFTe

Chapter 16 Basics of Cycle Analysis 357
Kyle Crystal, CMT, CFTe

Section IV Markets And Volatility 371

Chapter 17 Markets, Instruments, Data, and the Technical Analyst 373
Michael Kahn, CMT

Chapter 18 Equities 376
Michael Kahn, CMT

Chapter 19 Indexes 382
Michael Kahn, CMT

Chapter 20 Fixed Income/Bonds 391
Michael Kahn, CMT

Chapter 21 Futures 400
Michael Kahn, CMT

Chapter 22 Exchange-Traded Products (ETPs) 407
Michael Kahn, CMT

Chapter 23 Foreign Exchange (Currencies) 412
Michael Kahn, CMT

Chapter 24 Options 417
Michael Kahn, CMT

Chapter 25 Understanding Implied Volatility 424
Russell Rhoads

Chapter 26 About the VIX Index 436
Russell Rhoads

Section V Behavioral Finance and Other Theories of Market Dynamics 451

Chapter 27 What Is the Efficient Market Hypothesis? 453
Edwin T. Burton and Sunit N. Shah

Chapter 28 The EMH and the “Market Model” 461
Edwin T. Burton and Sunit N. Shah

Chapter 29 The Forerunners to Behavioral Finance 469
Edwin T. Burton and Sunit N. Shah

Chapter 30 Noise Traders and the Law of One Price 474
Edwin T. Burton and Sunit N. Shah

Chapter 31 Noise Traders as Technical Traders 482
Edwin T. Burton and Sunit N. Shah

Chapter 32 Academic Approaches to Technical Analysis 492
Andrew W. Lo and Jasmina Hasanhodzic

Chapter 33 Market Sentiment and Technical Analysis 506
Michael Carr, CMT, CFTe

Chapter 34 Sentiment Measures from Market Data 510
Michael Carr, CMT, CFTe

Chapter 35 Sentiment Measures from External Data 519
Michael Carr, CMT, CFTe

Section VI Basic Statistics For The Technical Analyst 527

Chapter 36 Introduction To Descriptive Statistics 529
Jonas Elmerraji, CMT

Chapter 37 Introduction To Probability 542
Jonas Elmerraji, CMT

Section VII Perspectives On Technical Trading Systems 551

Chapter 38 Objective Rules and Their Evaluation 553
David Aronson

Chapter 39 Being Right Or Making Money 568
Ned Davis

Chapter 40 The Model-Building Process 598
Ned Davis

Chapter 41 Relative Strength as a Criterion For Investment Selection 613
Robert A. Levy

Index 629