MARKET TECHNICIANS

ASSOCIATION
CHARTERED MARKET
TECHNICIAN

Jeanette Young, CFP, CMT

CMT EXAMS
There are three levels:
Level one is definitions
Level two is definitions and
applications
Level three is application

Jeanette Young, CFP, CMT

CMT EXAMS
Ethics are tested on all levels of the
exam.
Level one and level two are multiple
choice exams.
Level one is 120 to 132 questions.
Level two is 150 to 160 questions.
Level three is all essay.
Jeanette Young, CFP, CMT

Level One
CMT Level 1 Exam tests the candidates
knowledge of six basic areas of technical
analysis:
1) Terminology of technical analysis
2) Methods of charting
3) Determination of price trends/basics of
pattern recognition
4) Establishing price targets
5) Equity market analysis
6) Applying technical analysis to bonds,
currencies, futures and options
Jeanette Young, CFP, CMT

Jeanette Young, CFP, CMT

MTA CODE OF ETHICS

You need to know this one page code
of ethics and understand its
application to real world situations.

Jeanette Young, CFP, CMT

BOOKS
Pring, Martin J.: Technical Analysis
Explained, 4th Edition, McGraw
Hill Book Company, New York, NY,
c. 2001, ISBN 0-07-138193-7
Chapters: 2 thru 20, and 22 thru
31
Jeanette Young, CFP, CMT

BOOKS CONTINUED
Edwards, Robert D. and Magee,
John, Technical Analysis of
Stock Trends, 9th Edition, CRC
Press, Taylor & Francis Group, Boca
Raton, Florida, c2007,
ISBN 10:0-8493-3772-0
Chapters: 1 thru 16.1, 38 39,
and 40 thru 43
Jeanette Young, CFP, CMT

BOOKS CONTINUED

Kirkpatrick, Charles D. and Dahlquist,

Julie R.: Technical Analysis The
Complete Resource for Financial
Market Technicians, Pearson
Education, Inc., Upper Saddle River, New
Jersey 07458, c. 2006, ISBN 0-13153113-1
Chapters: 1 thru 6, 8 9, 11 12, 14
thru 21 and chapter 23
Jeanette Young, CFP, CMT

Jeanette Young, CFP, CMT

LEVEL TWO BOOKS

You are responsible for all
previously assigned readings.
This is a cumulative exam.
Jeanette Young, CFP, CMT

LEVEL TWO
At this level you are responsible for:
Theory
Basic application of concepts and
techniques
Application of TA
Use of indicators
Overall market analysis
Length of exam is 4 hours
Jeanette Young, CFP, CMT

MTA CODE OF ETHICS

You need to know this one page code
of ethics and understand its
application to real world situations.

Jeanette Young, CFP, CMT

BOOKS

Kirkpatrick, Charles D. and Dahlquist,

Julie R.: Technical Analysis The
Complete Resource for Financial
Market Technicians, Pearson Education,
Inc., Upper Saddle River, New Jersey
07458, c. 2006, ISBN 0-13-153113-1
Chapters: 7, 10, 13 thru 21, & 23
Appendix A
Jeanette Young, CFP, CMT

BOOKS CONTINUED
Edwards, Robert D. and Magee,
John, Technical Analysis of
Stock Trends, 9th Edition, CRC
Press, Taylor & Francis Group, Boca
Raton, Florida, c2007,
ISBN 10:0-8493-3772-0
Chapters: 17, 17.1, 17.2, 27, &
28
Jeanette Young, CFP, CMT

BOOKS CONTINUED
Pring, Martin J.: Technical
Analysis Explained, 4th Edition,
McGraw Hill Book Company,
New York, NY, c. 2001, ISBN 007-138193-7
Chapters: 16, 19, 21, 25, & 28

Jeanette Young, CFP, CMT

BOOKS CONTINUED
Kaufman, Perry J., New Trading
Systems and Methods, 4th
Edition, John Wiley & Sons, Inc.,
c. 1998, ISBN 0-471-26847-X
Chapters: 1 thru 14, 21, and 23

Jeanette Young, CFP, CMT

BOOKS CONTINUED
Nison, Steve, Japanese Candlestick
Charting Techniques, 2nd Edition, New
York Institute of Finance, c. 2001,
ISBN 0-7352-0181-1
Chapters: 1 thru 9

Jeanette Young, CFP, CMT

BOOKS CONTINUED
Frost, A.J. and Prechter, Robert R.,
Elliott Wave Principle, Tenth Edition,
New Classics Library, Gainesville, GA
c. 1978-2005 ISBN 0-932750-75-3
Chapters: 1 thru 4

Jeanette Young, CFP, CMT

BOOKS CONTINUED
Wilkinson, Chris: Technically Speaking,
Traders Press Inc., c. 1997, ISBN 0934380-39-2
Chapter: Phil Roth pages 323-350

Jeanette Young, CFP, CMT

BOOKS CONTINUED
Pring, Martin J., Investment
Psychology Explained, John Wiley &
Sons, Inc., c. 1993, ISBN 0-47113300-0
ALL CHAPTERS, THE ENTIRE BOOK

Jeanette Young, CFP, CMT

BOOKS CONTINUED
Aronson, David R: Evidence-Based
Technical Analysis, John Wiley &
Sons, Inc., Hoboken, New Jersey, c.
2007, ISBN-13: 978-0-470-00874-4
Chapters: 4 thru 7

Jeanette Young, CFP, CMT

Jeanette Young, CFP, CMT

LEVEL THREE BOOKS

You are responsible for all
previously assigned readings.
This is a cumulative exam.
Jeanette Young, CFP, CMT

LEVEL THREE
At this level you are responsible for:
You are asked to become an analyst, strategist,
portfolio manager, etc. for the duration of this
exam.
You should be able to demonstrate your
proficiency on various indicators, concepts and
intermarket relationships.
You must be able to write clearly and
thoughtfully expressing your recommendations
and support for those recommendations.
Length of exam is 4 hours, or 240 minutes.
Jeanette Young, CFP, CMT

MTA CODE OF ETHICS

You need to know this one page code
of ethics and understand its
application to real world situations.

Jeanette Young, CFP, CMT

BOOKS

Brown, Constance M., Technical

analysis for the Trading Professional,
McGraw-Hill, c. 1999, ISBN 0-070120625
Chapters: 1 thru 11

Jeanette Young, CFP, CMT

BOOKS CONTINUED
Murphy, John J., Intermarket Analysis:
Profiting From Global Market
Relationships, John Wiley & Sons Inc.,
c. 2004, ISBN 0-471-02329-9
Chapters: 1 thru 15

Jeanette Young, CFP, CMT

BOOKS CONTINUED
Nison, Steve, Japanese Candlestick
Charting Techniques, 2nd Edition, New
York Institute of Finance, c. 2001,
ISBN 0-7352-0181-1
Chapters: 10 thru 17

Jeanette Young, CFP, CMT

BOOKS CONTINUED
Shiller, Robert J., Irrational
Exuberance, 2nd Edition, Princeton
University Press, c 2005, ISBN 0-69112335-7
ALL CHAPTERS

Jeanette Young, CFP, CMT

BOOKS CONTINUED
Frost, A.J. and Prechter, Robert R.,
Elliott Wave Principle, Tenth Edition,
New Classics Library, Gainesville, GA
c. 1978-2005 ISBN 0-932750-75-3
ALL CHAPTERS, THE ENTIRE
BOOK

Jeanette Young, CFP, CMT

MTA CODE OF ETHICS

You need to know this one page code
of ethics and understand its
application to real world situations.
If you do not pass the ethics portion
of the Level 3 exam, you will fail the
exam.

Jeanette Young, CFP, CMT

WHAT YOU NEED TO

KNOW
Be able to differentiate between an up market
and a down market.
Understand oscillators and how they are used.
Default levels are not always the correct levels.
Know how to use a trendline.
Understand the application of all you have read.
You need to know and understand the MTA code
of ethics and its application.

Jeanette Young, CFP, CMT

Preparation for these

exam

Read the assigned readings.

Understand the applications.
Memorize.
Feel comfortable with the
vocabulary.

Jeanette Young, CFP, CMT

TEST DAY
Level 1 & level 2 give you plenty of time to answer
the questions.
Time management is key on most exams and is
especially important on the Level 3 exam.
For level 3 one point approximates 1 minute of the
exam time.
Budget your time, remember some answers might
be brief bullet points rather than long essays.
Get ample sleep before the exam.
Jeanette Young, CFP, CMT

Additional books that will help

your preparation for the
exams:
John J. Murphy, TECHNICAL ANALYSIS OF THE
FINACIAL MARKETS
The workbook that goes with that book.
Robert W. Colby, THE ENCYCLOPEDIA OF TECHNICAL
MARKET INDICATORS

Hank Pruden, THE THREE SKILLS OF TOP TRADING.

Martin J. Pring, STUDY GUIDE FOR TECHNICAL

.
NO, THEY ARE NOT ASSIGNED
ANALYSIS EXPLAINED 4TH EDITION

Jeanette Young, CFP, CMT

DVDs THAT WILL HELP

Elliott Wave, Steve Poser
Point and Figure, Ken Tower
Introduction to Technical Analysis, Ralph
Acampora
Intermarket Analysis, John Murphy
Foreign Exchange, William Dale
Volume, Trend & Momentum, Philip Roth
Incorporating Technicals with
Fundamentals , Larry Berman
Jeanette Young, CFP, CMT

WHAT TO BRING TO THE

EXAM
You may bring a simple non-memory
type calculator.
You may bring a ruler.
You may bring pencils.
For level three candidates.
Although the charts are on the exam
you will be given a chart package for
this exam this is an additional package.
Jeanette Young, CFP, CMT

ALERT
If you do not get your chart package for LEVEL THREE
EXAM, please alert the proctor and ask for your charts.
Should no charts be available, either reschedule the
exam or take the exam without the chart package.
This is your decision. Please call the office and report
this.
You are allowed to have a calculator, although there is
one on the screen, a ruler and a pencil. ALL LEVELS.
If the proctor wont allow you these items, call the
Marie Penza at the MTA office to reschedule the exam.

Jeanette Young, CFP, CMT

WHO IS IN CHARGE OF
WHAT
Marie exam scheduling and exam
problems as well as Membership.
Cassandra library, information about
joining the MTA and finding sponsors.
Tim CMTi, podcasts and webinars.
Jeanette Director of the CMT
program.
Jeanette Young, CFP, CMT

GOOD LUCK TO ALL

We here at the Market Technicians
Association wish you success on your
exams.
We are here to help you.
Contact information:
Jeanette@MTA.org

Marie@MTA.org

646.652.3300
Jeanette Young, CFP, CMT