Accumulation normally occurs:1213

• A.Near a market bottom1415
• B.Near a market top1617
• C.In declining markets1819
• D.After a completed trading range2021

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Hans Zimmerman, a CMT Level 1 candidate, was debating another analyst on a radio program. Based upon his analysis that the Cycle Beverage Company was in the process of completing a head and shoulders pattern, Zimmerman was bearish on the outlook of the stock. Another analyst, Carlton Wingo, made a bullish case for Cycle Beverage based upon the analysis of several technical oscillators. Zimmerman said, "I respectfully disagree with Mr. Wingo. At this time, I think the pattern forming overrides the reading of the oscillators." With respect to the MTA Code of Ethics, Zimmerman's actions are:

• A.Not in violation of the Code
• B.In violation of the Code in terms of disparaging the work of another analyst
• C.Not in violation as he is only a level 1 candidate and is not bound by the Code
• D.Not in violation of the Code because the statement was not in published form

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According to Russell, the major bull market ends when the yields for major Do165w Jones Industrials reach:
166

• A.3.5167
• B.5.0168
• C.7.5169
• D.<2.0170

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Which of the following is CORRECT regarding the inverted hammer candlestick pattern?

• A.It is a continuation pattern
• B.The pattern requires confirmation
• C.It comes at the end of a market downtrend
• D.It has a long lower shadow

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Which of the following statements about NH-NL (New High - New Low) line is INCORRECT?

• A.It is the difference between the number of stocks making new high to those making new lows on a trading day
• B.It is a leading indicator
• C.It is plotted as a continuous line
• D.It is overbought above 80 and oversold below 20

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