Question: A Technical Analyst, using patterns observed in past prices, is not making abnormal returns (once risk adjusted) because: market are, at least, weak-form efficient. because

A Technical Analyst, using patterns observed in past prices, is not making abnormal returns (once risk adjusted) because: market are, at least, weak-form efficient. because market are strong-form efficient, but not weak form efficient. o he must be bad. Most Technical Analysts can consustently generate positive alpha and beat the market. nobody can make returns higher than the market. It is technically impossible

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