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1. A technical analyst (or chartist) could believe in any of the following about stock prices except a) past prices can help predict future prices

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1. A technical analyst (or chartist) could believe in any of the following about stock prices except a) past prices can help predict future prices b) prices are usually in disequilibrium c) price changes follow a "random walk" support and resistance levels form a "channel" in which the price will trend in the absence of new in formation d)

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