According to the Random Walk Hypothesis, A. Technical analysis is occasionally useful as chart patterns don't always arise out of chance. B. Technical analysis is unreliable because the markets are semi-random. C. Technical analysis is still useful as chart patterns may arise out of chance. OD. Technical analysis is futile as all chart patterns arise purely out of chance. Extrapolation errors occur when investors: O A. try to identify patterns in financial markets that do not exist. B. are tricked into thinking that they can foretell the future because they can easily observe the past. O C. assume that current and recent conditions will prevail well into the future, also causing them to ignore the evidence of changing circumstances. D. tend to be overconfident regarding their abilities and make major mistakes like too little diversification and over trading. When a person accepts an investment when it is presented in terms of risk surrounding potential gains but may reject the same investment if it is presented in terms of risk surrounding potential losses, he is suffering from the bias of O A. framing O B. regret avoidance OC. overconfidence OD. conservatism O E. none of the above Which of the following is an objective of the Dow theory? O A. To identify support levels. OB. To identify overbought and oversold patterns. O C. To identify resistance levels. OD. To identify long-term trends. O E. To identify breakout points