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To Take Advantage of Long-Run Price Movements in an Efficient

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To take advantage of long-run price movements in an efficient market, you must do a superior job of estimating the relevant variables that cause these long-run movements.


Definitions:

Phalanges

Bones of the fingers and toes in humans and other vertebrates, making up the digits.

Ulna

A long bone found in the forearm that stretches from the elbow to the smallest finger, and when in anatomical position, is located on the medial side of the forearm.

Sacral Hiatus

An opening at the base of the sacral bone in the back, through which nerves and membranes can pass.

Superior Articular Facet

Superior articular facets are the upper pair of articulating surfaces found on the vertebrae, which connect with an adjacent vertebra to facilitate spinal movement.

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