Thank you for visiting Technical analysts tend to think that the market is about logical and psychological A Mostly somewhat B Somewhat mostly C Equally equally D Entirely somewhat. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Technical analysts view the market as being somewhat logical and mostly psychological, which makes 'b' the correct answer. They utilize analytical intelligence to identify patterns, but their methods typically do not surpass market performance and their success is often due to luck.
Technical analysts generally view the market as being more psychological than logical. Therefore, the correct answer would be that technical analysts tend to think that the market is somewhat logical and mostly psychological, which corresponds to option b. This perception is based on the belief that stock prices are influenced by trader psychology and market sentiment rather than just by fundamental factors like interest rates, inflation, and profit expectations.
The field of technical analysis attempts to predict future stock prices based on historical patterns and price movements. Despite this, it is widely accepted that such methods do not outperform the market on average and any success is often attributed to luck. This viewpoint is aligned with the concept of the market following a 'random walk', wherein the direction of stock prices in the short term is unpredictable and driven by unforeseeable news events.
When examining data for trends as in technical analysis, the type of intelligence being employed is analytical intelligence. This facilitates the identification of patterns and potential trends in financial data, which is central to technical analysis, albeit with no guarantee of successful market predictions.
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