Question: If technical trading rules are able to generate consistently returns that are superior to a boy - and - bold strategy on a risk -

If technical trading rules are able to generate consistently returns that are superior to a boy-and-bold strategy on a risk-adjusted basis net of transaction colls, the market is
Rising.
Tnefficient:
Falling.
Undernhoud.
Overvalued.
If technical trading rules are able to generate

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