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Proponents of the EMH think technical analysts __________. A should focus on relative strength B should focus on resistance levels C should focus on support levels D are wasting their time
Proponents of the EMH think technical analysts __________. A should focus on relative strength B should focus on resistance levels C should focus on support levels D are wasting their time
Final answer:The Efficient Market Hypothesis (EMH) posits that it's impossible to beat the market because security prices already incorporate all available information. Thus, proponents of EMH believe thattechnical analysts, who attempt to predict future prices through historical patterns, are wasting their time.Explanation:Proponents of theEfficient Market Hypothesis(EMH) believe that technical analysts are wasting their time. According to the EMH, all relevant information is already incorporated into the price of securities therefore, it’s impossible to consistently beat the market or achieve above-average returns consistently by using any specific strategy, including technical analysis. This view means that predicting future prices through analysis of historical price patterns (which is what technical analysts typically do) is deemed ineffective.Learn more about Efficient Market Hypothesis here:brainly.com/question/32192932#SPJ11...