Other Evidences of the Predictive Power of Technical Analysis: The Moving Averages Rules on European Indexes
25 Pages Posted: 13 May 2001
Date Written: undated
Many authors discovered that simple forms of technical analysis possessed significant forecast power on various market indexes. We show that these results can be replicated on formally selected European indexes, which almost completely eliminates any influence from data-snooping. Implications of these results in terms of market efficiency are also discussed.
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