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To: Ronald J. Clark who wrote (24815)6/27/1998 6:53:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 95453
 
It all depends on what form of the efficient market hypothesis you believe in. The weak form simply says there is no information contained in past price behavior. The strong form says that all information, public and private, is reflected in the price of the stock.

TTFN,
CTC