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A technical trading website makes the following statements: 1. The market discounts everything. In other words, everything you need to know about a security can

A technical trading website makes the following statements:

1. The market discounts everything. In other words, everything you need to know about a security can be found in its price.

2. Trends repeat over time. Therefore, past trends can be used to help [predict] future price movements.

If statement (1) is true, can statement (2) also be true? Why or why not?

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