Consider the Following Five Statements

question 39

Multiple Choice

Consider the following five statements:
i.Technical analysts rely on very sophisticated technical models of the macroeconomic environment.
ii.Since all chartists are confronted with identical share price data,they should identify very similar patterns and generate identical buy and sell signals from the data.
iii.A chartist will draw resistance levels at higher share price levels where an increase in supply halts price increases.
iv.Chartists will draw support lines at lower price levels where an increase in demand halts a price fall.
v.The random walk hypothesis,as applied to share price movements,implies that the examination of past price movements yields no useful information on the course of future price movements.
How many of these statements are true and how many are false?

• A) 4 statements are true and 1 is false.
• B) 3 statements are true and 2 are false.
• C) 2 statements are true and 3 are false.
• D) 1 statement is true and 4 are false.

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Definitions:

Radial Styloid Process

A bony protrusion at the distal end of the radius bone in the forearm, which is palpable on the thumb side of the wrist.

Radial Tuberosity

A bony prominence under the forearm that attaches to the bicep tendon.

Olecranon

The bony prominence of the elbow, on the upper end of the ulna, that forms the point of the elbow.

Tibial Tuberosity

A prominent bony structure on the anterior portion of the tibia, below the knee, where the patellar ligament attaches.