Technical Analysis Is Based on All of the Following Assumptions

Multiple Choice

Technical analysis is based on all of the following assumptions except:

A) that market value is determined by the interaction of demand and supply.
B) that stocks with strong earnings gains will outperform the market.
C) the assumption that, though there are minor fluctuations in the market, stock prices tend to move in trends that persist for long periods of time.
D) that shifts in demand and supply can be detected sooner or later.
E) that reversals of trends are caused by shifts in demand and supply.