2018 CMT print errata

CMT Print Errata Level I Date Question ID Level Location Update or Errata 5/31/18 N/A Level 2018, Chapter 7, p.125 5/31/18 N/A 5/31/18 N/A Level 2018, Chapter 11, p 250 Level 2018, Chapter 15 pp 321 and 323 Under Entry and Exit, the text should read: “Figure 7.1, a double top, shows an entry from below and a downward exit On the other hand, a bottom formation has an entry from above and an exit upward The last Learning Objective Statement should read “…a point and figure chart” 5/31/18 N/A 5/31/18 N/A 7/30/18 N/A Level 2018, Chapter 16, p.369 Level 2018, Chapter 8, p.178 Level 2018, Chapter 16, p.369 • P.321: Number under Step-by-Step: From Dollars to Yen should read, “The yen’s value is the inverse, so divide 100 by 80” • P.323: the sentence should read, “The gap between them, 2.5 yen, is the bid-ask spread.” The correct answer to number is “e” Under Knockout Pattern, the text should read: “Figure 8.13 shows a steady upward trend in the Nikkei 25 with occasional two-day sell-offs…” The correct answer to number is B The correct answer to number is E CMT Print Errata Level II 5/31/18 N/A 5/31/18 N/A 5/31/18 N/A 5/31/18 5/31/18 N/A N/A 2 5/31/18 N/A Level 2018, Chapter 1, page 14 Level 2018, Chapter 1, page 15 Level 2018, Chapter 6, page 169 Level 2018, Chapter Level 2018, Chapter 8, p.236 Level 2018, Chapter 2002 and 2003 should be updated to 2000 under Interpreting Today’s S&P Using Dow Theory 850 should be updated to 750 under Transition from Bull to Bear in the S&P Under Moving Average Convergence/Divergence (MACD), Step should read, “The MACD line, the faster responding line in the bottom panel of Figure 6.9…” All instances of Mark Chaiken should be updated to Marc Chaikin Under Entry and Exit, the text should read: “Figure 8.1, a double top, shows an entry from below and a downward exit On the other hand, a bottom formation has an entry from above and an exit upward.” • Under Knockout Pattern, the text should read: “Figure 9.13 shoes a steady upward trend in the Nikkei 225 with occasional two-day selloffs…” • Figure 9.21 is corrected below CMT Print Errata 7/30/18 N/A Level 2018, Chapter 27, p.578 The correct formula should be written as: y = b1x1 + b2x2 + + bk xk + a CMT Print Errata Level III 5/31/18 N/A 5/31/18 N/A 5/31/18 N/A 5/31/18 N/A 5/31/18 N/A 5/31/18 N/A 5/31/18 N/A 7/30/18 N/A Level 2018, Chapter 1, page 24 Level 2018, Chapter 2, p 41 & 52 Level 2018, Chapter 5, page 213 Student t test should be changed to Student’s t-test under Components “Stedhahl” should be updated to Stendahl Preface, p xv Probability of Success and Ruin • Equation should read A =0.60 - (1-.60) = 0.20 • should be changed to in (1/3) • 33 should be updated to 66 • 11 should be updated to 44 • 11 should be updated to 44 Under Summary, the first sentence should read: “The business cycle tends to lag the financial cycle…” Under Dogs of the Dow and Small Dogs, the second sentence should read: “…you bought the 10 members of the Dow with the highest stock dividend ” The table should read: Level 2018, Chapter 33, p.905 Level 2018, Chapter 4, p.143 Risk Management / 1-7 Asset Relationships/ 8-15 Portfolio Management/ 16-18 Behavioral Finance/ 19-24 Volatility / 25-27 Classical Methods / 28 - 33 The first Learning Objective Statement should read, “Explain why the observations listed in this chapter…” The Probability of Occurrence for Run of Length should be 1/16 instead of 1/18 Level 2018, Chapter 17, p.515 Level 2018, Chapter 24, p.666 CMT Print Errata ... 9.21 is corrected below CMT Print Errata 7/30/18 N/A Level 2018, Chapter 27, p.578 The correct formula should be written as: y = b1x1 + b2x2 + + bk xk + a CMT Print Errata Level III 5/31/18.. .CMT Print Errata Level II 5/31/18 N/A 5/31/18 N/A 5/31/18 N/A 5/31/18 5/31/18 N/A N/A 2 5/31/18 N/A Level 2018, Chapter 1, page 14 Level 2018, Chapter 1, page 15 Level 2018, Chapter... Occurrence for Run of Length should be 1/16 instead of 1/18 Level 2018, Chapter 17, p.515 Level 2018, Chapter 24, p.666 CMT Print Errata