Title

A Bull Flag Pattern Analysis Of The New York Stock Exchange Composite Index

Keywords

Efficient markets hypothesis; Financial decision support; Heuristics; Pattern recognition; Stock market forecasting; Technical analysis

Abstract

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.

Publication Date

12-1-2000

Publication Title

Mathematics and Computers in Modern Science - Acoustics and Music, Biology and Chemistry, Business and Economics

Number of Pages

236-238

Document Type

Article

Personal Identifier

scopus

Socpus ID

4944258783 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/4944258783

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