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Most empirical studies that have tested technical trading rules based on price and volume data show that they lead to investment timing decisions that: O
Most empirical studies that have tested technical trading rules based on price and volume data show that they lead to investment timing decisions that: O consistently outperform the buy-and-hold strategy o minimize brokeragir costs. O do provide excess returns to most investors who follow the rules faithfully, do not provide excess returns after all brokerate costs are deducted
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