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S. stocks from 1962 to 1996 To judge the performance of technical analysis. By comparing the unconditional empirical distribution of day by day stock returns on the conditional distribution – conditioned on distinct technical indicators such as head-and-shoulders or double-bottoms – we find that in excess of the 31-year sample t

In that very same paper Dr. Lo wrote that "a number of educational scientific tests recommend that ... technical analysis could be a powerful means for extracting handy data from current market prices.Caginalp and Balenovich in 1994[sixty four] employed their asset-stream differential equations product to show that the most important patterns of