CMT Association CMT-Level-II 問題集

質問 1：
Which of the following is a valid guideline in using technical analysis to make investment decisions among stock market sectors?
A. Relative strength analysis allows for identification of the strongest and weakest sectors
B. Charting tools such as trendlines and moving averages should not be employed with relative strength lines
C. This analysis does not hold for options or mutual funds due to the unique characteristics of these securities
D. Sectors whose relative strength lines are just turning up after a downtrend should be sold
正解：A

質問 2：
Which of the following factors would increase the predictive power of the evening star pattern?
A. If there is no overlap among the real bodies of the candles in the pattern
B. If there is light volume on the first candle of the pattern and heavy volume on the last candle of the pattern
C. If the last candle closes deeply into the body of the first candle
D. All of the above
正解：D

質問 3：
The only effective method of diversifying a portfolio is by including asset classes with ________ correlation to stocks such as cash, foreign exchange or commodities.
A. moderately positive
B. low/negative
C. positive
D. meaningful
正解：B

質問 4：
________ is calculated by finding the probability of loss of the current market positions based on past market movements.
A. Potential Risk
B. Hindenburg Omen
C. Value at Risk
D. Treynor ratio
正解：C

質問 5：
Using the Point-and-Figure method what is the standard method used to portray the volume on the chart?
A. This is to multiply the volume occurring when each box was in operation
B. It is, to sum up, the volume that occurs when every box is not in use
C. This is to divide up the volume occurring by each box was in operation
D. This is to sum up the volume occurring when each box was in operation
正解：D

質問 6：
Which of the following is true of Wilder's Parabolic System?
A. It is a time/price reversal system
B. It always in the market
C. It only works for trending markets
D. All of the above
正解：D

質問 7：
Which of the following is a diversification technique in trading?
A. Stick to a single trading system
B. Balance risk across multiple markets and trading systems
C. Trade multiple securities in markets with high correlation
D. All of the above
正解：B

質問 8：
Interpret the relationship between the S&P 500 and the NASDAQ 100 indexes based on the chart shown below, if the Pearson's coefficient of correlation is 0.45:
A. Linear relationship, as points fall generally along a straight line.
B. Non-linear relationship, as points fall generally along a straight line.
C. Linear relationship, as the Best Fit line is curvilinear.
D. Non-linear relationship, as the Best Fit line is curvilinear.
正解：D

質問 9：
Which of the following would NOT be true in designing a trading system utilizing bands?
A. Close out shorts when prices reverse and go below the center of the band
B. Close out longs when prices reverse and go below the center of the band
C. Buy when prices penetrate the upper band
D. Sell when price breaks below the lower band
正解：A