Consider each statement independently. Which of the statements would likely indicate a violation of the semi-strong form of the Efficient Market Hypothesis?

[I] Stocks with large positive abnormal returns from t-1 to t tend to experience positive abnormal returns from t to t+1.

[II] Stocks with large negative abnormal returns from t-1 to t tend to experience negative abnormal returns from t to t+1.

	a	I only
	b	II only
	c	I and II
	d	Neither