Professors Narishimhan Jegadeesh and Sheridan Titman, demonstrated how stocks with high returns over a 3- to 12-month period did not earn excess profits of about 1% per month for the following year. True False QUESTION 2 A candlestick with equal opening and closing prices A. Neutral Cloud B. Morning Star C. Doji D. A Hammer QUESTION 3 The advance-decline line is used to indicate A. if the majority of stocks in the market are acting in concert with the major averages B. if the intermediate market cycle is nearing completion C. if a bull market is occurring D. if volume trends are confirming price trends