88. Which of the following tenets of Technical Analysis is derived from Dow Theo

Question

88. Which of the following tenets of Technical Analysis is derived from Dow Theory? A) Price movements of the averages are completely random B) Price history is of little value in forecasting trends C) The averages discount virtually everything D) All of the above 89. The technician who was perhaps the first person to use the words Head and Shoulders, Triangles, and Flags to describe chart formations was: A) Charles Henry Dow B) Colonel Leonard P. Ayers C) Richard W. Schabacker D) Joseph Granville

Explanation / Answer

88)

The trend of price movements significantly influenced by the number of volumes. Hence, price movements of the averages are not completely random. However, Dow theory confirms that the averages discount virtually everything because a market reflects all the available information that has positive and negative effects.

Hence, the correct answer is option C, the averages discount virtually everything.

89)

The correct answer is option C, Richard W. Schabacker.

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