QUESTION: 13

Which of the following is a true statement according to Elliott Wave Theory?

A complete bull market cycle is made up of eight waves, three waves up followed by five waves down
A trend divides into three waves in the direction of the next longer trend
Corrections always take place in five wave patterns
The two types of simple corrections are zigzags and flats

Answer(s): D

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QUESTION: 14

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

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

Answer(s): B

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QUESTION: 15

Why doesn't the doji candle have a real body?

The doji is an abbreviated method of drawing candles
The open and close are the same
The high and low are the same
Buyers are stronger than sellers

Answer(s): B

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Allen Johnson, CMT, is working in the Singapore office of German Investment Corporation. From an informal conversation, Allen learns that the company's most recent annual report contains misappropriated information. No one at the Singapore office expresses concern, however, because there has been no breach of Singapore's law. Barrett should:

do nothing because the branch is outside of German jurisdiction.
seek advice from the company counsel to determine appropriate action.
do nothing because the branch is outside of Singapore's jurisdiction.
disassociate himself from the case with a written report to his supervisor.

Answer(s): B

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Free CMT-LEVEL-II Exam Braindumps (page: 5)

QUESTION: 13

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QUESTION: 15

QUESTION: 16

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