Implementation and validation of an opportunistic stock market timing heuristic: One-day share volume spike as buy signal

    Authors

    W. Leigh;R. Purvis

    Comments

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    Abstract

    This paper presents the results of simulated trading on long time series price and share volume data for the Dow Jones Industrial Average and Standard and Poor's 500 Index. Robust and systematic results demonstrate strong support for the effectiveness of the market trading heuristic of buying when one-day share trading volume spikes. Implementation of the methods is straightforward and may be readily accomplished with spreadsheet technology for decision support applications. (C) 2007 Elsevier Ltd. All rights reserved.

    Journal Title

    Expert Systems with Applications

    Volume

    35

    Issue/Number

    4

    Publication Date

    1-1-2008

    Document Type

    Article

    First Page

    1628

    Last Page

    1637

    WOS Identifier

    WOS:000259432600014

    ISSN

    0957-4174

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