Technical analysis seeks to forecast future directions in stock prices from the study of past data. Since Bachelier (1900) the technical analysis school has been increasingly challenged by the random walk school, culminating in Fama's efficient market hypothesis (1970). This paper reviews the ongoing debate between those two schools of thought.
|Title of host publication||MSE 2011|
|Place of Publication||Newark, Delaware, USA|
|Publisher||Information Engineering Research Institute|
|Number of pages||4|
|Publication status||Published - 2011|
|Event||Management Science and Engineering - Chengdu, China, China|
Duration: 01 Oct 2011 → 02 Oct 2011
|Conference||Management Science and Engineering|
|Period||01/10/11 → 02/10/11|
Yang, H., Deeley, C., Guan, N., & Qian, X. (2011). A review of the debate between the stock technical analysis and random walk schools. In M. Zhou (Ed.), MSE 2011 (pp. 203-206). Information Engineering Research Institute.