Joe Bought a Stock at $57 Per Share

Multiple Choice

Joe bought a stock at $57 per share.The price promptly fell to $55.Joe held on to the stock until it again reached $57 and then he sold once he had eliminated his loss.If other investors do the same to establish a trading pattern this would contradict _______.

A) the strong-form EMH
B) the weak-form EMH
C) technical analysis
D) the semistrong-form EMH