We set out to empirically identify the effects on technical signals attributable to psychological biases, adopting a set of specific liquidity provision proxies for a sample of firms listed on the Taiwan Stock Exchange. The main findings of our empirical analysis are that the "disposition,"...

The main purpose of this paper is to investigate the validity and predictability of technical analysis in the Taiwan stock market. Bootstrapped tests of White (2000) and of Hansen (2005) are employed to ascertain whether there exists a superior trading rule among two broadly used sets of...

The primary aim of this study is to investigate the validity and predictability of technical analysis in eight Asian equity markets. We employ the bootstrap tests of White (2000) and Hansen (2005) to determine whether any superior trading rule is found to exist amongst the 'universe' of...