For Technical Trading Rules to Generate Returns That Are Superior

question 125

Multiple Choice

For technical trading rules to generate returns that are superior to a buy-and-hold strategy, net of transaction costs, the market would have to be

• A) rising.
• B) falling.
• C) inefficient.
• D) overvalued.
• E) undervalued.

---

Definitions:

Triumph of Death

A theme in art that depicts death's victory over human life, often represented in medieval and Renaissance art to remind viewers of the fragility of life and the inevitability of death.

Wealth

An abundance of valuable resources or material possessions, often leading to a level of financial security and the ability to influence or command resources.

Luxury

A state of great comfort or elegance, often expensive, that provides pleasure and indulgence beyond the standard necessity.

Italian City-State

Independent, self-governing urban centers in Italy, prominent during the Middle Ages and Renaissance, characterized by thriving trade, culture, and political autonomy.