1. Which one of the following statements about technical analysis is false?
   1. Technical analysis must be used in conjunction with fundamental analysis when valuing stocks.

B) Technical analysis uses graphical charting of price changes and volume over time.

C) Technical analysis uses data for identifying recurring patterns.

D) Technical analysis examines the basic question of whether excess supply or demand exists for a stock.

2. Which one of the following is not a reason why indexing works?
   1. Indexing has tax advantages.
   2. Securities markets are not efficient.
   3. Indexing is cost efficient.
   4. Funds incur heavy trading expenses.

PLEASE ANSWER BOTH!! THANK YOU