Cmt Level I 2018: An Introduction to Technical Analysis

ISBN-13: 9781119474531 / Angielski / Miękka / 2018 / 648 str.

Wiley

Opis

Everything you need to pass Level I of the CMT Program CMT Level I 2018: An Introduction to Technical Analysis fully prepares you to demonstrate the basic competencies of an entry-level analyst, including a working knowledge of terminology and the ability to discuss key concepts and fundamental analytical tools.

Spis treści

About the CMT Association ix

What Is the CMT® Program? xi

How This Book Was Created xiii

Preface xv

SECTION I Chart Development and 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 History and Construction of Charts 27
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 4 Trends—The Basics 45
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 5 Breakouts, Stops, and Retracements 73
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 6 Moving Averages 95
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 7 Bar Chart Patterns 123
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 8 Short–Term Patterns 156
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 9 Confirmation 198
Charles D. Kirkpatrick II and Julie R. Dahlquist

Chapter 10 Candlestick Charting Essentials 240
Steve Nison

Chapter 11 Point–and–Figure Charting 250
Perry J. Kaufman

Chapter 12 Introduction to the Wave Principle 276
Wayne Gorman, Jeffrey Kennedy, and Robert R. Prechter, Jr.

Chapter 13 The Anatomy of E lliott Wave Trading 294
Wayne Gorman, Jeffrey Kennedy, and Robert R. Prechter, Jr.

SECTION II Markets 309

Chapter 14 Overview 311
David Wilson

Chapter 15 Government 320
David Wilson

Chapter 16 Companies 344
David Wilson

Chapter 17 Hard Assets 370
David Wilson

Chapter 18 Indexes 386
David Wilson

Chapter 19 Measuring Market Strength 394
Charles D. Kirkpatrick II and Julie R. Dahlquist

CHAPTER 20 What Is the Efficient Market Hypothesis? 427
Edwin T. Burton and Sunit N. Shah

Chapter 21 The EMH and the“Market Model” 435
Edwin T. Burton and Sunit N. Shah

Chapter 22 The Forerunners to Behavioral Finance 443
Edwin T. Burton and Sunit N. Shah

Chapter 23 Noise Traders and the Law of One Price 448
Edwin T. Burton and Sunit N. Shah

Chapter 24 Noise Traders as Technical Traders 456
Edwin T. Burton and Sunit N. Shah

Chapter 25 Option Pricing Basics 466
Edwin J. Elton, Martin J. Gruber, Stephen J. Brown, and William N. Goetzmann

SECTION III Statistical Analysis and System Development 477

Chapter 26 Objective Rules and Their Evaluation 479
David Aronson

Chapter 27 Basic Concepts and Calculations 494
Perry J. Kaufman

Chapter 28 Academic Approaches to Technical Analysis 507
Andrew W. Lo and Jasmina Hasanhodzic

Chapter 29 Understanding Implied Volatility 521
Russell Rhoads

Chapter 30 About the VIX Index 533
Russell Rhoads

SECTION IV Introduction to the Tools for Building Technical Investing Strategies 547

Chapter 31 Being Right or Making Money 549
Ned Davis

Chapter 32 The Model]Building Process 579
Ned Davis

Chapter 33 Seasonality and Calendar Patterns 594
Perry J. Kaufman

Chapter 34 Consensus and Commitment Indicators 606
Dr. Alexander Elder

Chapter 35 Relative Strength as a Criterion for Investment Selection 613
Robert A. Levy