A Technical Analyst Teaches You a Trading Rule Called a "Hoo-Yah

Multiple Choice

A technical analyst teaches you a trading rule called a "Hoo-Yah." This strategy has produced a 15 percent annual return for the past five years, while the market return has been 12 percent. Which of the following is not true?

A) The return may not be as good as advertised since it is not adjusted for risk
B) This may be a data snooping problem.
C) While the trading rule worked in the past, there is no guarantee it will work in the future.
D) If the trading rule works consistently, it is evidence against semistrong-form market efficiency.
E) All of the above are true.