What Is Technical Analysis?
It ignores a company's accounts and reads only what the market itself has drawn; trading volume is how many shares changed hands.
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1.What does technical analysis study?
It ignores a company's accounts and reads only what the market itself has drawn; trading volume is how many shares changed hands.
2.What is a support level?
The word often matters: these are descriptions of the past, not rules of nature.
3.Why did Lo, Mamaysky and Wang use a computer method in 2000?
They found that several indicators carried some extra information in US stocks from 1962 to 1996; they did not claim it was a recipe.
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Sources (3)
- Andrew Lo, Harry Mamaysky, Jiang Wang, Foundations of Technical Analysis (NBER Working Paper 7613, 2000; Journal of Finance 2000)
- Cheol-Ho Park, Scott H. Irwin, What Do We Know About the Profitability of Technical Analysis? Journal of Economic Surveys 21(4), 2007, S. 786-826
- Eigene Berechnung (Python/
Education only. Not financial advice.