CFA Practice Question

There are 275 practice questions for this study session.

CFA Practice Question

Mr. Boland has discovered from looking at charts of past stock prices that if he buys just after a stock price has declined for three consecutive days, he can make money every time. This is a violation of which of the following?
A. Semi-strong-form market efficiency
B. Strong-form market efficiency
C. Weak-form market efficiency

User Contributed Comments 3

User Comment
iceluke not time series analysis, just trading --> so its weak form
cahiz84 It violates Statistical test of independence: Autocorrelation and Run tests
rjdelong It's a play on the 3 black crows candle formation, classic technical analysis...
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