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Note: Supplemental materials are not guaranteed with Rental or Used book purchases.
Purchase Benefits
What is included with this book?
Get Your Copy of the 2023 Official CMT® Level I Curriculum
As the authoritative introduction to the basics of technical analysis, the Official CMT® Level I Curriculum includes the tools, content, and terminology you will need to prepare for the Level I exam and beyond. Published in partnership with the CMT Association, CMT Curriculum Level I 2023: An Introduction to Technical Analysis explores theory and history, markets, market indicators, construction, confirmation, cycles, selection and decision, system testing, and statistical analysis.
This text covers all concepts appearing on the Level I CMT® exam, featuring industry-relevant topics and treatments of technical analysis in the context of portfolio management.
The CMT Association has worked to advance the discipline of technical analysis for nearly 50 years. What started as a small group of sell-side analysts on Wall Street is now a global association with members in 137 countries. CMT Association strives to establish and maintain the highest professional standards among technical analysts with diverse opportunities in continuing education, ethics awareness, and networking.
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 Introduction to Charts, Part 1 27 Julie Dahlquist, Ph.D., CMT
Chapter 4 Introduction to Charts, Part 2 36 Julie Dahlquist, Ph.D., CMT
Section II Charts, Trends, and Patterns 47
Chapter 5 Trends—The Basics 49 Charles D. Kirkpatrick II and Julie R. Dahlquist
Chapter 6 Breakouts, Stops, and Retracements 77 Charles D. Kirkpatrick II and Julie R. Dahlquist
Chapter 7 Moving Averages 99 Charles D. Kirkpatrick II and Julie R. Dahlquist
Chapter 8 Bar Chart Patterns 127 Charles D. Kirkpatrick II and Julie R. Dahlquist
Chapter 9 Short-Term Patterns 160 Charles D. Kirkpatrick II and Julie R. Dahlquist
Chapter 10 Introduction to Volume Analysis 202 Buff Dormeier, CMT
Chapter 11 Volume: The Technician’s Decryption Device 208 Buff Dormeier, CMT
Chapter 12 An Introduction to Volume Indicators 215 Buff Dormeier, CMT
Chapter 13 Confirmation 219 Charles D. Kirkpatrick II and Julie R. Dahlquist
Chapter 14 Candlestick Charting Essentials 256 Steve Nison
Chapter 15 Point-and-Figure Charting 266 Perry J. Kaufman
Section III Advanced Concepts in Charting and Trend Analysis 293
Chapter 16 Introduction to the Wave Principle 295 Wayne Gorman, Jeffrey Kennedy, and Robert R. Prechter, Jr.
Chapter 17 The Anatomy of Elliott Wave Trading 313 Wayne Gorman, Jeffrey Kennedy, and Robert R. Prechter, Jr.
Chapter 18 Measuring Market Strength 328 Charles D. Kirkpatrick II and Julie R. Dahlquist
Chapter 19 Foundations of Cycle Theory 361 Kyle Crystal, CMT, CFTe
Chapter 20 Basics of Cycle Analysis 371 Kyle Crystal, CMT, CFTe
Section IV Markets and Volatility 385
Chapter 21 Markets, Instruments, Data, and the Technical Analyst 387 Michael Kahn, CMT
Chapter 22 Equities 390 Michael Kahn, CMT
Chapter 23 Indexes 396 Michael Kahn, CMT
Chapter 24 Fixed Income/Bonds 405 Michael Kahn, CMT
Chapter 25 Futures 414 Michael Kahn, CMT
Chapter 26 Exchange-Traded Products (ETPs) 421 Michael Kahn, CMT
Chapter 27 Foreign Exchange (Currencies) 426 Michael Kahn, CMT
Chapter 28 Options 431 Michael Kahn, CMT
Chapter 29 Understanding Implied Volatility 438 Russell Rhoads
Chapter 30 About the VIX Index 450 Russell Rhoads
Section V Behavioral Finance and Other Theories of Market Dynamics 465
Chapter 31 What Is the Efficient Market Hypothesis? 467 Edwin T. Burton and Sunit N. Shah
Chapter 32 The Forerunners to Behavioral Finance 475 Edwin T. Burton and Sunit N. Shah
Chapter 33 Noise Traders and the Law of One Price 480 Edwin T. Burton and Sunit N. Shah
Chapter 34 Noise Traders as Technical Traders 488 Edwin T. Burton and Sunit N. Shah
Chapter 35 Academic Approaches to Technical Analysis 498 Andrew W. Lo and Jasmina Hasanhodzic
Chapter 36 Market Sentiment and Technical Analysis 513 Michael Carr, CMT, CFTe
Chapter 37 Sentiment Measures from Market Data 517 Michael Carr, CMT, CFTe
Chapter 38 Sentiment Measures from External Data 526 Michael Carr, CMT, CFTe
Section VI Basic Statistics for the Technical Analyst 535
Chapter 39 Introduction to Descriptive Statistics 537 Jonas Elmerraji, CMT
Chapter 40 Introduction to Probability 550 Jonas Elmerraji, CMT
Section VII Perspectives on Technical Trading Systems 559
Chapter 41 Objective Rules and Their Evaluation 561 David Aronson
Chapter 42 Being Right or Making Money 576 Ned Davis
Chapter 43 The Model-Building Process 606 Ned Davis
Chapter 44 Relative Strength as a Criterion for Investment Selection 621 Robert A. Levy
Index 637
The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.