Title

Market Timing: A Test Of A Charting Heuristic

Keywords

Security markets; Technical trading

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. © 2002 Elsevier Science B.V. All rights reserved.

Publication Date

9-1-2002

Publication Title

Economics Letters

Volume

77

Issue

1

Number of Pages

55-63

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1016/S0165-1765(02)00110-6

Socpus ID

0036721784 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/0036721784

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