Which of the following accurately summarize the empirical evidence about technical analysis?
A) Technical analysts fare no better than other financial analysison average they do not outperform the market.
B) Technical analysts tend to outperform other financial analysis, but on average they nevertheless under-perform the market.
C) Technical analysts fare no better than other financial analysis, and like other financial analysts they outperform the market.
D) Technical analysts fare no better than other financial analysis, and like other financial analysts they under-perform the market.
Answer: A
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