Technical_Analysis_page_98

Technical | Analysis page 98 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 5 An Overview of Markets 69 The early Efficient Markets Hypothesis presumed that only informed investors acted within the marketplace to establish a price. These players supposedly interpreted new informa- tion rationally and adjusted the market price of a security to its equilibrium value…