Question:What is the role of the chartist or technical analyst in stock markets?
A. To compare share prices in international stock markets and make country comparisons.
B. To identify shares that are under- or over-valued by calculating the present value of their expected future earnings stream.
C. To identify shares that are under- or over-valued from a study of historical financial information.
D. To predict future share price movements from historical patterns and trends.
The correct answer is: To predict future share price movements from historical patterns and trends.
解析:Chartists are a type of technical analyst, who look for future trends in share price movements by analysing past price movements and trying to identify regular patterns. The claim of chartists to be able to predict share price movements from historical patterns is rejected by those who believe that share price movements are random.
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