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19-10-2005, 18:28
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#2
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Re: Empirical Results on Technical Analysis
Very interesting in theory but there are many people who make money daily proving that wrong. Especially in the FX market technical analysis is valid just becuase the fundamentals are so hard to analyze. Good links though. EMTis a great servant and poor master for a trader.
Trader/God
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23-10-2005, 09:19
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#3
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level 1
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Re: Empirical Results on Technical Analysis
These are various literature (papers, books & patents, total 250mb) relating to Efficient Market Hypothesis, Technical Analysis, Empirical evidences for non-random & random walk in the market.
Those who can, profit. Those who can't, theories.
Enjoy.
Download here:
Primary: http://www.megaupload.com/?d=ZN81D5XA
Mirror 1: http://www.megaupload.com/?d=3L8ELA1X
Mirror 2: http://patentmapping.com/temp/Empirical_EMH-TA.zip
Content of the 250mb zipfile "Empirical_EMH-TA.zip":
Publications
A Comparison of Trading and Non-Trading Mechanisms for Price Discovery.pdf
A fractal analysis of foreign exchange markets.pdf
A NEW PERSPECTIVE ON THE ANOMALIES IN THE MONTHLY CLOSINGS OF THE DOW JONES INDUSTRIAL AVERAGE.pdf
A Non-Random Walk Down Wall Street.zip
A Random Walk or Color Chaos on the Stock Market Time-Frequency Analysis of S&P Indexes.pdf
A Refined MACD Indicator Evidence against the Random Walk Hypothesis.pdf
A Study of the Efficiency of the Foreign Exchange Market through Analysis of Ultra-High Frequency Data.zip
A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets - Hong &Stein.pdf
A Variance-Ratio Test of Random Walks in Foreign Exchange Rates.pdf
An analysis of the advance-decline line as a stock market indicator.pdf
An Application of Evolutionary Finance to Firms Listed in the Swiss Market Index.pdf
AN EMPIRICAL ANALYSIS OF STOCK MARKET SENTIMENT.pdf
An empirical behavioral model of price formation.pdf
An empirical comparison of moving average envelopes and Bollinger Bands.pdf
An Evolutionary Approach to Technical Trading and Capital Market Efficiency - The Wharton School.pdf
Back to the future- an empirical investigation into the validity of stock index models over time.pdf
Behavior and Performance of Investment Newsletter Analysts - Yale School of Mgt.pdf
Black-Scholes Option Pricing Using Three Volatility Models- Moving Average, GARCH(1, 1), and Adaptive GARCH.pdf
Can channel pattern trading be profitably automated.pdf
Can the Neuro Fuzzy Model Predict Stock Indexes Better than its Rivals.pdf
Capital Asset Pricing Model & Mutual Fund Performance Studies - Review and Evidence.pdf
Chartist Prediction in the Foreign Exchange Market - Ahrens &Reitz.pdf
Classical doctrines and alternatives in decision-making under risk with respect to asset price dynamics.pdf
Comprehensibility, Overfitting and Co-Evolution in Genetic Programming for Technical Trading Rules.pdf
Cultural and stock price clustering- Evidence from the People's Republic of China - Brown Mitchell.pdf
Currency Orders and Exchange Rate Dynamics- An Explanation for the Predictive Success ofTechnical.pdf
Currency Traders and Exchange Rate Dynamics - Cheung &Chinn.pdf
Day of the Week Effects- Recent Evidence from Nineteen Stock Markets.pdf
Day-trading with candlesticks and moving averages.pdf
Distinguishing Between Rationales for Short-Horizon Predictability of Stock Returns.pdf
Do Behavioral Biases Affect Prices.pdf
Do Futures and Options trading increase stock market volatility.pdf
Do Momentum Based Strategies Still Work In Foreign Currency.pdf
Do Stocks Follow the Random Walk in Latvian Stock Market.pdf
Does Noise Trader Risk Limit Arbitrage Activities.pdf
Empirical Evidence on Feedback Trading in Mature and Emerging Stock Markets.pdf
Empirical test of changes in autocorrelation of stock index returns.pdf
Empirical tests of changes in autocorrelation of stock index returns.pdf
Estimating the Fractal Dimension of the S&P 500 Index using Wavelet Analysis.pdf
Estimation Risk, Market Efficiency, and the Predictability of Returns.pdf
Evidence of Predictable Behavior of Security Returns.pdf
Exchange rate changes and net positions of speculators in the futures market - Klitgaard and Weir.pdf
Expected Returns and Liquidity Premium on the Paris Bourse- an Empirical Investigation.pdf
FINANCIAL DATA ANALYSIS WITH TWO SYMMETRIC DISTRIBUTIONS.pdf
Forecasting Time-dependent Conditional Densities- A Seminonparametric Neural Network Approach.pdf
Foundations of Technical Analysis - Lo, Mamaysky &Wang.pdf
Foundations of Technical Analysis- Computational Algorithms, Statistical Inference, and Empirical Implementation.pdf
Further insights on the puzzle of technical analysis profitability.pdf
Futures Trading and Market Information.pdf
Going Back to the Basics - Rethinking Market Efficiency.pdf
Head & Shoulders- not just a flaky pattern - Osler Chang, Federal Reserve Bank of New York.pdf
High Frequency Exchange Rate Forecasting - Fiess &MacDonald.pdf
HIGH-FREQUENCY DISTRIBUTION OF FOREIGN EXCHANGE CHANGES.pdf
How rewarding is technical analysis- Evidence from Singapore stock market.pdf
How the Equity Market Responds to Unanticipated Events.pdf
How to reconcile Market Efficiency and Technical Analysis.pdf
Implied Volatility Indices as Leading Indicators of Stock Index Returns - Pierre Giot.pdf
Index funds and stock market growth - William Goetzmann.pdf
Institutional Trading and Return Autocorrelation- Empirical Evidence on Polish Pension Fund Investors' Behavior.pdf
Institutional Trading and Stock Returns - Cai &Zheng.pdf
International Momentum Effects- A Reappraisal of Empirical Evidence.pdf
Intraday Return Volatility Process- Evidence from NASDAQ Stocks.pdf
Investigating the Profitability of Technical Analysis Systems on Foreign Exchange Markets.pdf
Investor sentiment and the cross-section of stock returns - Baker &Wurgler.pdf
Is technical analysis in the foreign exchange market profitable - St. Louis Federal Reserve Bank.pdf
Is There Private Information in the FX Market The Tokyo Experiment.pdf
Limited Arbitrage in Equity Markets.pdf
Liquidity and Autocorrelations in Individual Stock Returns.pdf
Logarithmic Stock Returns leptokurtosis, heteroskedasticity and change points.pdf
Long-Term Memory in Stock Market Prices.pdf
Macroeconomic Implications of the Beliefs &Behavior of Foreign Exchange Traders - UC Santa Cruz.pdf
Market Efficiency, Time-Varying Volatility and Equity Returns in Bangladesh Stock Market.pdf
Market Timing- A Test of a Charting Heuristic - Leigh, Paz &Purvis.pdf
Mean and variance causality between the Cyprus Stock Exchange and major equity markets.pdf
Measuring Efficiency of a Market in Transition- The Ugandan Foreign Exchange Market.pdf
Mimickers of Corporate Insiders Who Make Large-Volume Trades.pdf
MODELING AND FORECASTING REALIZED VOLATILITY.pdf
Moing and Forecasting Exchange Rate Dynamics in Jamaica- An Application of Asymmetric Volatility Models.pdf
Momentum and Turnover - Evidence from the German Stock Market.pdf
Neural Networks for Technical Analysis- A Study On KLCI.pdf
New Trading Rules in Financial Markets and Wiener-Kolmogorov Prediction Theory- A Study of Technical Analysis - Neftci.pdf
Non-linear financial time series forecasting - Application to the Bel 20 stock market index.pdf
Nonlinearities and Cyclical Behavior- The Role of Chartists and Fundamentalists - Westerhoff &Reitz.pdf
Number Preference In Australian Stock Prices - Chris Doucouliagos.pdf
On Distinguishing Between Rationales for Short-Horizon Predictability of Stock Returns.pdf
On Speculative Prices and Random Walks A Denial.pdf
Optimizing technical trading strategies- making the ludicious lucrative.pdf
Partial Revelation of Information in Experimental Asset Markets.pdf
Performance of Candlestick Analysis on Intraday Futures Data.pdf
PhD-A Random Walk through the Stock Market.pdf
PhD-News and Trading Rules.pdf
PhD-Random Walk Hypotheses and Profitability of Momentum Based Trading Rules.pdf
PhD-Technical Analysis in Financial Markets, Gerwin A. W. Griffioen, University of Amsterdam.pdf
PhD-TESTING FOR ROMANIAN CAPITAL MARKET EFFICIENCY.ppt
Portfolio optimization, hidden Markov models, and technical analysis of PnF-Charts.pdf
Predicci˘n de Volatilidad y Precios de las Opciones- El caso del Ibex-35.pdf
Predictability of short-horizon returns in international equity markets.pdf
Predictability of Stock Returns and Consumption-based CAPM- Evidence from a Small Open Market.pdf
Predicting Stock Returns in an Efficient Market.pdf
PREVISIBILITE DES RENTABILITES SUR LE MARCHE JAMAICAIN DES ACTIONS.pdf
Price clustering and natural resistance points in the Dutch stock market- a natural experiment.pdf
Price Exhaustion and Number Preference- time and price confluence in Australian stock prices - Hristos Doucouliagos.pdf
Price Movements in Speculative Markets- Trends or Random Walks.pdf
Pricing Effects of Recognition versus Disclosure- Evidence from Firms Recognition of Employee Stock Option Expense.pdf
Profitability of Momentum Strategies in the International Equity Markets - Chan, Hameed & Tong.pdf
Profitability of Momentum Strategies in the International Equity Markets.pdf
Profitability of Momentum Strategies- Application of Novel Risk_Return Ratio Stock Selection Criteria.pdf
Profits from technical trading rules.pdf
Psychological Barriers in Gold Prices - Brian Lucey.pdf
Returns to Buying Winners and Selling Losers- Implications for Stock Market Efficiency.pdf
Simple technical trading rules and the stochastic properties of stock returns.pdf
Smoke and Mirrors_ Charting and Technical Analysis - Aswath Damodaran.pdf
Some A Posteriori Probabilities in Stock Market Action.pdf
SOME EMPIRICS OF THE TURKISH STOCK MARKET.pdf
STOCHASTIC VOLATILITY IN A QUANTITATIVE MODEL OF STOCK MARKET RETURNS.pdf
Stock index and price dynamics in the UK and the US, new evidence from a trading rule and Statistical analysis.pdf
Stock Market Forecasting.pdf
Stock Market Trading Rule Discovery Using Technical Charting Heuristics.pdf
Stock Price Patterns around Directors Trades on the London Stock Exchange.pdf
Stock Prices- Random vs. Systematic Changes.pdf
Stock Return Predictability- Is it There.pdf
Stock timing using genetic algorithms.pdf
Stop Loss Orders and Price Cascades in Currency Markets - Osler.pdf
STYLIZED STATISTICAL FACTS OF INDONESIAN FINANCIAL DATA- Empirical Study of Several Stock Indexes in Indonesia.pdf
Support for Resistance- Technical Analysis and Intraday Exchange Rates.pdf
Survival of the Fittest on Wall Street.pdf
Systematic Noise - Barber, Odean &Zhu.pdf
TA-EmpiricalResults.jpg
Taking A Peek Inside The Turtles Shell.pdf
Technical Analysis and Genetic Programming- Constructing and Testing a Commodity Portfolio.pdf
Technical Analysis and Liquidity Provision.pdf
Technical analysis in foreign exchange markets, evidence from the EMS.pdf
Technical Analysis in Foreign Exchange- The Workhorse Gains Further Ground - Gehrig &Menkhoff.pdf
Temporary Movements in Stock Prices - Jonathan Lewellen.pdf
Test of Market Efficiencies Using Experimental Electronic Markets.pdf
Testing for Ongoing Efficiency in the Russian Stock Market.pdf
The Adaptive Markets Hypothesis- Market Effciency from an Evolutionary Perspective.pdf
The Distribution of Stock Return Volatility.pdf
The Efficient Market Hypothesis and the Dynamic Behavior of Sugar Future Prices.pdf
The empirical relationship between stock returns, return volatility and trading volume - Roland Mestel.pdf
The Evaluation of the Lithuanian Stock Market with the Weak-form Market Efficiency Hypothesis.pdf
The Impact of Stock Index Futures Trading on Daily Returns Seasonality- A Multicountry Study.pdf
The Improper Use of Dartboard Portfolios as Performance Benchmarks.pdf
The Negative News Threshold.pdf
THE PREDICTABILITY OF NON-OVERLAPPING FORECASTS- EVIDENCE FROM THE DERIVATIVES MARKET IN GREECE.pdf
The Predictive Power of Head-and-Shoulders Price Patterns in the U.S. Stock.pdf
The Predictive Success and Profitability of Chart Patterns in the EuroDollar Foreign Exchange Market - Walid Ben Omrane, Finance Unit, Catholic University of Louvain.pdf
The Relevance of Trends for Predictions of Stock Returns.pdf
The Reversal of Large Stock Price Declines- The Case of Large Firms - Benou & Richie.pdf
The Variation of Certain Speculative Prices.pdf
Trading rule profits in Latin American currency spot rates.pdf
Trading Rules and Trading Volume - Stefan Nagel.pdf
TRANSACTION COSTS AND MARKET EFFICIENCY.pdf
Use of Momentum in trading across industry sectors - Yuri Krapivin.pdf
What Goes Up Must Come Down- How Charts Influence Decisions to Buy and Sell Stocks.pdf
Patents
EP01109122A2-System for charting financial market activities.pdf.pdf
US06018722-SEC Registered Individual Account Investment Advisor Expert System.pdf
US24225592A1-Computer Implemented Method and System of Trading Indicators based on Price and Volume.pdf.pdf
US25086150A1-Stock Market Trading Systems Creation Algorithm.pdf
WO00113313A2--Automated Investment Chart Pattern Search System for Technical Analysis.pdf
Of Interest
A brief history of market efficiency.pdf
A Contribution to the Theory of Information Acquisition in Financial Markets.pdf
A Historical Analysis of Market Efficiency- Do Historical Returns Follow a Random Walk.pdf
A Joint Review of Technical and Quantitative Analysis of Financial Markets Towards A Unified Science of Intelligent Finance.pdf
A Random-Difference Series for Use in the Analysis of Time Series.pdf
A Revision of Previous Conclusions Regarding Stock Price Behavior.pdf
Adaptive Expectations and Stock Market Crashes.pdf
An Empirical Study on the Relationship between Cost of Funds and the Volatility of Asset Prices.pdf
Annotated_Biblio-A Study of the Efficiency of the Foreign Exchange Market Through Analysis of Ultra-High Frequency Data.pdf
ANOMALIES BOURSIERES SUR LE MARCHE JAMAICAIN DES ACTIONS.pdf
ARCH-simopt.pdf
Are Nq1 heads better than one The timing and selectivity of Australian-managed investment funds.pdf
Are There Trends Towards Efficiency For the Egyptian Stock Market.pdf
Asset Mispricing, Arbitrage, and Volatility.pdf-EmmonsSchmid.pdf
Asset Prices in an Exchange Economy.pdf
Bachelier and His Times- A Conversation with Bernard Bru.pdf
Bachelier100years.pdf
Bayesian Robust Estimation of Systematic Risk Using Product Partition Models.pdf
Beyond Correlation- Extreme Co-movements Between Financial Assets.pdf
Biblio-TA for Professional Traders.pdf
Biblio-Technical Market Research for Professional Traders.pdf
Bibliography-Efficient Markets Hypothesis and Random Walk.pdf
Books-Efficient Markets Hypothesis and Random Walk.pdf
Brownian Motion in the Stock Market.pdf
Can Stock Market Forecasters Forecast.pdf
Capital Asset Prices- A Theory of Market Equilibrium under Conditions of Risk.pdf
Charting and Technical Analysis - Aswath Damodaran, NYU Stern.pdf
Combination of Forecasts- A Bibliography.pdf
Comparison among different approaches for risk estimation in portfolio theory.pdf
Competing Theories of Financial Anomalies.pdf
CONSIDERACIONES SOBRE LA EFICIENCIA DEL MERCADO DE CAPITALES ARGENTINO.pdf
Constrained Nonliner Programming for Volatility Estimation with GARCH Models.pdf
Density Forecasting- A Survey.pdf
Devising Zero-investment Strategies using Reward-Risk Stock Selection Criteria.pdf
Distinguished Limits of Levy-Stable Processes, and Applications to Option Pricing.pdf
Does the Stock Market Rationally Reflect Fundamental Values.pdf
Econometric Moing of the Volatility of Financial Time Series.pdf
Economic Fundamentals, Risk, and Momentum Profits - Liu, Warner &Zhang.pdf
Efficient Capital Markets and Martingales.pdf
Efficient Capital Markets- Comment.pdf
Efficient Market Hypothesis and Market Anomalies.pdf
EFICIENCIA DEL MERCADO DE CAPITALES. UNA ILUSTRACION.pdf
etc.txt
Exact shapes of random walks in two dimensions.pdf
Examining the First Stages of Market Performance. A Test for Evolving Market Efficiency.pdf
Fama-Efficient Capital Markets- A Review of Theory and Empirical Work.pdf
Fama-Efficient Capital Markets- II.pdf
Fama-Filter Rules and Stock-Market Trading.pdf
FAMA-Market efficiency, long-term returns, and behavioral finance.pdf
Fama-Permanent and Temporary Components of Stock Prices.pdf
FAMA-Random Walks in Stock Market Prices.pdf
Fama-Reply.pdf
Fama-The Behavior of Stock-Market Prices.pdf
Financial Market Efficiency Tests.pdf
Financial Markets, Noise Traders, and Fundamental Risk- Background Memo.pdf
FINANCIAL TIME SERIES AND THEIR FEATURES.pdf
Forecasts of Future Prices, Unbiased Markets, and Martingale Models.pdf
Forms of the Efficient Market Hypothesis.pdf
From Minority Games to Real Markets.pdf
From Random Walks to Chaotic Crashes- The Linear Genealogy of the Efficient Market Hypothesis.pdf
Frontiers of Finance- Evolution and Efficient Markets.pdf
Futures Trading, Rational Expectations, and the Efficient Markets Hypothesis.pdf
Geometric versus arithmetic random walk. The case of trended variables.pdf
Goodness-of-Fit Test focuses on Conditional Value at Risk- An Empirical Analysis of Exchange Rates.pdf
Growth Cycles and Market Crashes.pdf
Herd Behavior in Financial Markets - Bikhchandani &Sharma.pdf
Herding and delegated portfolio management - Maug &Naik.pdf
Heterogeneity effects from Market Interventions.pdf
History of the Random Walk Hypotheses and Efficient Markets H...pdf
Input Data Reduction for the Prediction of Financial Time Series.pdf
Intra-Day Trading- Herding versus Market Efficiency.pdf
Is More Information Better The Effect of Traders' Irrational Behavior on an Artificial Stock Market.pdf
Large Sample Properties of Generalized Method of Moments Estimators.pdf
Linkages between Extreme Stock Market and Currency Returns.pdf
Mandelbrot and the Stable Paretian Hypothesis.pdf
Market Efficiency notes.pdf
Market Efficiency- Definitions and Tests.pdf
Market Efficiency.pdf
Market Law Foundv Supply and Demand Follow Same Pattern for all Firms.pdf
Market Orders and Market Efficiency.pdf
Market Selection and Survival of Investment Strategies.pdf
Market Timing - Aswath Damodaran, NYU Stern.pdf
MARKNADEN F™R FINANSIELL RŹDGIVNING.pdf
Mean Reversion in Stock Prices A Reappraisal of the Empirical Evidence.pdf
Merger Announcements and Insider Trading Activity- An Empirical Investigation.pdf
Microscopic Models of Financial Markets.pdf
Modeling and Forecasting Realized Volatility.pdf
MSc-The Distribution of Stock Returns at Taiwan.pdf
New approaches to shapes or arbitrary random walks.pdf
Noise.pdf
Nonrational Actors and Financial Market Behavior.pdf
On the Efficiency of Competitive Stock Markets Where Trades Have Diverse Information.pdf
On the emergent properties of artificial stock markets- the efficient market hypothesis and the rational expectations hypothesis.pdf
On the Impossibility of Informationally Efficient Markets.pdf
On the Random Walk Characteristics of Short- and Long-Term Interest Rates In an Efficient Market.pdf
One Simple Test of Samuelson's Dictum for the Stock Market.pdf
PhD-Empirical Analysis of Investment Strategies for Institutional Investors.pdf
PhD-Validaci˘n de la eficiencia y modelos de fijaci˘n de precios en el mercado mexicano de valores.pdf
Predicting the Stock Market.pdf
Purely Discontinuous Asset Price Processes.pdf
Random Walk and Forward Exchange Rates- A Spectral Analysis.pdf
Random Walks and Technical Theories-Some Additional Evidence- Discussion.pdf
Rational Finite Bubbles.pdf
Re-Examining the Profitability of Technical Analysis with White's Reality Check - Hsu &Kuan.pdf
Reference list of misc- TA related academic research papers.pdf
RESISTANCE IS FUTILE- THE ASSIMILATION OF BEHAVIORAL FINANCE.pdf
Review-Martingales, Nonlinearity, and Chaos.pdf
Revisiting Market Efficiency- The Stock Market as a Complex Adaptive System.pdf
Risk Aversion and the Martingale Property of Stock Prices.pdf
SECURITY PRICE DYNAMICS AND SIMULATION IN FINANCIAL ENGINEERING.pdf
Shaking the Tree- An Agency-Theoretic Model of Asset Pricing.pdf
Some Anomalous Evidence Regarding Market Efficiency.pdf
Some Quantitative Tests for Stock Price Generating Models and Trading Folklore.pdf
Speculative Dynamics and the Role of Feedback Traders.pdf
Stochastic Programming Models for Asset Liability Management.pdf
Stock Market Predictability- Is it There, A Critical Review.pdf
Stock Returns and Dividend Yields Revisited- A New Way to Look at an Old Problem.pdf
Stock Returns and the Test of the Random Walk Hypothesis.pdf
Strategic Long-Term Financial Risks- Single Risk Factors.pdf
Survival.pdf
Technical Analysis in the Foreign Exchange Market- A Layman's Guide - Christopher J. Neely.pdf
Tests of Financial Models in the Presence of Overlapping Observations.pdf
The Adjustment of Stock Prices to New Information.pdf
The Analysis of Economic Time-Series-Part I- Prices.pdf
The Effect of Model Misspecification on Tests of the Efficient Market Hypothesis.pdf
The efficient market hypothesis and its critics.pdf
The Efficient Market Hypothesis, the Gaussian Assumption, and the Investment Management Industry.pdf
The Efficient Market Hypothesis- A Survey.pdf
The Efficient Markets Hypothesis.pdf
The Extent and Significance of Technical Analysis in the Foreign Exchange Markets - Aaron Schiff.pdf
The FiniteMoment Log Stable Process and Option Pricing.pdf
The Influence of Positive Feedback Trading on Return Autocorrelation - Bohl &Reitz.pdf
THE MONTHLY EFFECT IN INTERNATIONAL STOCK MARKETS- EVIDENCE AND IMPLICATIONS.pdf
The Nobel Memorial Prize for Robert F Engle.pdf
The Performance of Mutual Funds in the Period 1945-1964.pdf
The Problem of the Random Walk.pdf
The Profitability of Technical Analysis- A Review.pdf
The Random Walk Hypothesis, Portfolio Analysis and the Buy-and-Hold Criterion.pdf
The Value of Information in Impersonal and Personal Markets.pdf
Theorie de la Speculation - L Bachelier 1900.pdf
Toward a Theory of Marginally Efficient Markets.pdf
Trends, Random Walks, and the Expectations-Augmented Phillips Curve Evidence from Six Countries.pdf
Weak-form market efficiency of an emerging Market- Evidence from Dhaka Stock Market of Bangladesh..pdf
What do we know about the profitability of Technical Analysis.pdf
Who Drove and Burst the Tech Bubblea.pdf
Last edited by vision3001 : 23-10-2005 at 09:48.
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25-10-2005, 01:01
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#4
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level 1
Join Date: Oct 2005
Posts: 30
Downloads: 0
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Rep Power: 3
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Re: Empirical Results on Technical Analysis
I found an interesting gem in Times bookstore this morning.
The book is titled "The Winning Investment Habits of Warren Buffett & George Soros" [1,2,3]
At the back page of the book [1], I found this paragraph to be interesting
Code:
The mental habits and strategies that Warren Buffett
and George Soros both practice fly in the face of the
conventional Wall Street "wisdom":
:
:
- Their beliefs about what makes markets tick are amazingly
similar - and diametrically opposed to academic theories
like the "Efficient Market Hypothesis" and the
"Random Walk" which they both view with contempt.
Hmmm... I guess Fama's and camp will probably consider WB and GS as outliers  ?
Question: How many outliers and years does it take to invalidate EMH and RW? Perhaps it doesn't matter after all, esp. for traders who are profiting from the markets. Let's hope that these profitable traders will pay it forward.
References:
1. http://www.goodreturns.co.nz/books/p...roducts_id=217
2. http://www.marktier.com/streview.htm
3. http://www.paddyfield.com/mainstore/...p?q=988977691X
Last edited by vision3001 : 25-10-2005 at 01:10.
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25-10-2005, 11:51
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#5
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level 3
Join Date: Jul 2005
Posts: 316
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Re: Empirical Results on Technical Analysis
Vision 3001,
You could have taken out Saddam Hussein with post #3.
Have mercy on us, please!  |
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26-10-2005, 02:07
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#6
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level 1
Join Date: Oct 2005
Posts: 30
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Rep Power: 3
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Re: Empirical Results on Technical Analysis
Pls enlighten us how post #3 could take Saddam out?
Sorry to disappoint, am afraid that most of us here are more interested in trading than politics.
Moreover, God will take care of Saddam and friends.
Quote:
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Originally Posted by Trader01
Vision 3001,
You could have taken out Saddam Hussein with post #3.
Have mercy on us, please! |
Last edited by vision3001 : 26-10-2005 at 03:52.
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26-10-2005, 11:08
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#7
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level 3
Join Date: Jun 2005
Posts: 342
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Re: Empirical Results on Technical Analysis
Quote:
|
Originally Posted by vision3001
I found an interesting gem in Times bookstore this morning.
The book is titled "The Winning Investment Habits of Warren Buffett & George Soros" [1,2,3]
At the back page of the book [1], I found this paragraph to be interesting
Code:
The mental habits and strategies that Warren Buffett
and George Soros both practice fly in the face of the
conventional Wall Street "wisdom":
:
:
- Their beliefs about what makes markets tick are amazingly
similar - and diametrically opposed to academic theories
like the "Efficient Market Hypothesis" and the
"Random Walk" which they both view with contempt.
Hmmm... I guess Fama's and camp will probably consider WB and GS as outliers ?
Question: How many outliers and years does it take to invalidate EMH and RW? Perhaps it doesn't matter after all, esp. for traders who are profiting from the markets. Let's hope that these profitable traders will pay it forward.
References:
1. http://www.goodreturns.co.nz/books/p...roducts_id=217
2. http://www.marktier.com/streview.htm
3. http://www.paddyfield.com/mainstore/...p?q=988977691X
|
Just because FEW people have become billionairs on the stock/equity market it does NOT say anything about predictability of the Market.
What about book called "Where are the customers Yachts" ?
Also, please do not mix Stock/Equity market with Forex. They are totally different markets that follow totally different rules. It is one thing to be successful in the Stock market, it is quite different at Forex...
And finally, if it is so simple as following some "Amazing Indicators" and fundamental news, why do 90%+ of people loose? And please don't say that it is all the fault of emotions. If the cause of failure were primary emotional, than it would have been possible to write an emotionless robot trader who would win all the money for you. Unfortunately I've spent countless days writing and backtesting automated strategies and not much... For every signal from TA, you can find atleast two cases when it did not work.
Last edited by TraderABC : 26-10-2005 at 11:21.
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27-10-2005, 07:39
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#8
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level 3
Join Date: Nov 2004
Posts: 174
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Re: Empirical Results on Technical Analysis
Quote:
|
Originally Posted by vision3001
Pls enlighten us how post #3 could take Saddam out?
Sorry to disappoint, am afraid that most of us here are more interested in trading than politics.
Moreover, God will take care of Saddam and friends.
|
I apologize for this digression, but a comment is irresistable. If God will take care of Saddam, who will take care of Bush? Does America never have to pay for her aggression? |
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Empirical Results on Technical Analysis
