Technical analysis is a form of trend study that suggests that historical price trends and patterns may, to some degree, be predictive of future asset prices. Does the Efficient Market Hypothesis dispute the validity of technical analysis? If yes, at what level does it first dispute the validity of technical analysis
(i.e., what is the weakest form of the EMH that may dispute this?
A. The EMH allows technical analysis as a valid form of future asset price study
B. The EMH disputes the claims of technical analysis, first with the weak form
C. The EMH disputes the claims of technical analysis, first with the semi-strong form
D. The EMH disputes the claims of technical analysis, first with the strong form
B. The EMH is unrelated to the description of technical analysis
