Recent studies have established that the Japanese stock market had a substantial size in the pre-war period, and played an important role in financing economic development. The pre-war stock market in Japan, however, did not achieve its size and status quickly. Indeed, the market capitalization...

In The Finance Literature, Statistical Inferences For Large-Scale Testing Problems Usually Suffer From Data Snooping Bias. In This Paper We Extend The "Superior Predictive Ability" (Spa) Test Of Hansen (2005, Jbes) To A Stepwise Spa Test That Can Identify Predictive Models Without Potential Data...

ENGLISH ABSTRACT: Empirical research is done to determine whether trading strategies based on technical analysiscan outperform a naive buy-and-hold strategy. A study is made of classical and contemporaryacademic literature. The central investigation is threefold. Firstly, the degree of...

This paper studies the profitability of applying technical analysis that signals the entry and exit from the stock market in three Chinese stock markets - the Shanghai, Hong Kong and Taiwan Stock Exchanges. The Simple Moving Average (MA) and its extensions, Exponential MA, Dual MA, Triple MA,...

In an efficient market, technical analysis cannot earn abnormal returns. Technical strategies are inferior to a buy and hold strategy since they typically churn investor accounts. Nonetheless, technical analysis appears to thrive. The purpose of this paper is to explain why technical analysis...

This paper demonstrates that crude estimators can correctly identify statistically significant technical patterns in major index data. The introduction of intra-day prices significantly improves a crude estimators’ ability to identify technical barriers. Double tops are associated with...

Magistro baigiamajame darbe suformuluotos akcijų portfelio formavimo ir valdymo problemos, išanalizuoti fundamentalios ir techninės analizės metodų taikymo principai, susisteminti įvairių Lietuvos ir užsienio autorių teoriniai ir praktiniai vertybinių popierių portfelio valdymo...

Technical analysis is a technique used by many share traders in their quest to make profits on financial markets. This paper, drawing on qualitative research which focused on non-professional traders, theorizes how the technique represents an extension of the theory of the epistemic consumption...

In an efficient market, technical analysis cannot earn abnormal returns. Technical strategies are inferior to a buy and hold strategy since they typically churn investor accounts. Nonetheless, technical analysis appears to thrive. The purpose of this paper is to explain why technical analysis...

Swingtum stands for Swing and Momentum. A Swingtum Theory of Intelligent Finance is presented here in order to provide a scientific and engineering foundation to professional swing trading and momentum trading. The origins of Swingtum theory naturally go deep into the empirical professional...