Hsu, Po-Hsuan; Kuan, Chung-Ming - In: Journal of Financial Econometrics 3 (2005) 4, pp. 606-628
In this article we reexamine the profitability of technical analysis using White's reality check and Hansen's SPA test that correct the data snooping bias. Compared to previous studies, we study a more complete "universe" of trading techniques, including not only simple rules but also complex...