When Maurice Kendall First Examined Stock Price Patterns in 1953

Multiple Choice

When Maurice Kendall first examined stock price patterns in 1953, he found that

A) certain patterns tended to repeat within the business cycle.
B) there were no predictable patterns in stock prices.
C) stocks whose prices had increased consistently for one week tended to have a net decrease the following week.
D) stocks whose prices had increased consistently for one week tended to have a net increase the following week.
E) the direction of change in stock prices was unpredictable, but the amount of change followed a distinct pattern.