Dawson, Edward R; Steeley, James M. - In: Journal of Business Finance & Accounting 30 (2003-01) 1-2, pp. 263-293
The aim in this paper is to replicate and extend the analysis of visual technical patterns by Lo et al. (2000) using data on the UK market. A non-parametric smoother is used to model a nonlinear trend in stock price series. Technical patterns, such as the 'head-and-shoulders' pattern, that are...