Title of article :
Market timing: a test of a charting heuristic
Author/Authors :
William Leigh، نويسنده , , Noemi Paz، نويسنده , , Russell Purvis، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2002
Pages :
9
From page :
55
To page :
63
Abstract :
We implement a graphical (or ‘charting’) heuristic, the ‘bull flag’, which accepts a particular pattern of historical prices as a signal for a future market price increase, test it with several years of New York Stock Exchange Composite Index history, and find positive results. The results support the validity of technical analysis for stock market price prediction and fail to confirm the efficient markets hypothesis.
Keywords :
Technical trading , Security markets
Journal title :
Economics Letters
Serial Year :
2002
Journal title :
Economics Letters
Record number :
435021
Link To Document :
بازگشت