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Which statement is true about contrarianism and herd behavior? I. The herd or uninformed are usually responsible for driving a trend up or down. II.
Which statement is true about contrarianism and herd behavior?
I. The herd or uninformed are usually responsible for driving a trend up or down.
II. Being contrarian means to buy when the under-informed public is selling and to sell when the under-informed public is buying.
III. The well-informed or smart participants are usually contrarian at tops and bottoms.
IV. Many contrarians are also trend followers during the trend phase.
Select one:
A. All are correct.
B. Only III and IV are correct.
C. Only II is correct.
D. Only I, II, and III are correct.
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