Roscoe, Philip; Howorth, Carole - In: Accounting, Organizations and Society 34 (2009) 2, pp. 206-221
The usefulness of technical analysis, or charting, has been questioned because it flies in the face of the 'random walk' and tests present conflicting results. We examine chartists' decision-making techniques and derive a taxonomy of charting strategies based on investors' market ontologies and...