A Bull Flag Pattern Analysis Of The New York Stock Exchange Composite Index
Efficient markets hypothesis; Financial decision support; Heuristics; Pattern recognition; Stock market forecasting; Technical analysis
We match a template depicting a "bull flag" 60-day price behavior to closing prices of the New York Stock Exchange Composite Index to detect buying opportunities at a 5 trading day horizon. The results of the experiment indicate that the technique is capable of returning results which are superior to those attained by random choice and constitute evidence that the stock markets are not efficient.
Mathematics and Computers in Modern Science - Acoustics and Music, Biology and Chemistry, Business and Economics
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Leigh, W.; Paz, M.; and Paz, N., "A Bull Flag Pattern Analysis Of The New York Stock Exchange Composite Index" (2000). Scopus Export 2000s. 643.