Wong, Wing-Keung; Chew, Boon-Kiat; Sikorsk, Douglas - In: Multinational Finance Journal 5 (2001) 1, pp. 59-86
This paper tests the performance of stock market forecasts derived from technical analysis by means of a specific indicator. The indicator is computed from E/P ratios and bond yields. Several stock markets are studied over a 20-year period. Two test statistics are introduced to utilize the...