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How rewarding is technical analysis? Evidence from Athens Stock Exchange
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How rewarding is technical analysis? Evidence from Athens Stock Exchange (2006)How rewarding is technical analysis? Evid…Technical Analysis from A to Z (2005)Technical Analysis from A to ZHow rewarding is technical analysis? Evidence from Singapore stock market (2003)How rewarding is technical an…Technical trading strategies and return predictability: NYSE (2002)Technical trading strategies …The predictability of security returns with simple technical trading rules (1998)The predictability of securit…The significance of technical trading-rule profits in the foreign exchange market: a bootstrap approach (1993)The significance of technical…The use of technical analysis in the foreign exchange market (1992)The use of technical analysis…Simple Technical Trading Rules and the Stochastic Properties of Stock Returns (1992)Simple Technical Trading Rule…Naive Trading Rules in Financial Markets and Wiener-Kolmogorov Prediction Theory: A Study of "Technical Analysis" (1991)Naive Trading Rules in Financ…On Technical Analysis (1989)On Technical AnalysisPermanent and Temporary Components of Stock Prices (1988)Permanent and Temporary Compo…Technical Analysis Explained: The Successful Investor's Guide to Spotting Investment Trends and Turning Points (1985)Technical Analysis Explained:…Size-related anomalies and stock return seasonality (1983)Size-related anomalies and st…Misspecification of capital asset pricing (1981)Misspecification of capital a…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)EFFICIENT CAPITAL MARKETS: A …Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Efficient Capital Markets: A …The Behavior of Stock-Market Prices (1965)The Behavior of Stock-Market …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Insiders' profits, costs of trading, and market efficiency (1986)Debt/Equity Ratio and Expected Common Stock Returns: Empirical Evidence (1988)Fundamentals and Stock Returns in Japan (1991)The relationship between return and market value of common stocks (1981)Does the Stock Market Overreact? (1985)Noise Trader Risk in Financial Markets (1990)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Investor Psychology and Security Market Under‐ and Overreactions (1998)The General Theory of Employment, Interest and Money. (1936)The General Theory of Employment, Interest and Money. (1936)Empirical exchange rate models of the seventies (1983)Data‐Snooping, Technical Trading Rule Performance, and the Bootstrap (1999)Official Intervention in the Foreign Exchange Market: Is It Effective and, If So, How Does It Work? (2001)Heterogeneous Agent Models in Economics and Finance (2005)On the Impossibility of Informationally Efficient Markets (1980)Differential Information and Dynamic Behavior of Stock Trading Volume (1995)Evidence on the speed of convergence to market efficiency (2005)The obstinate passion of Foreign Exchange Professionals: \ntechnical analysis (2006)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Portfolio Selection: Efficient Diversification of Investments (1959)Dividend Policy, Growth, and the Valuation of Shares (1961)Risk, Return, and Equilibrium: Empirical Tests (1973)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)Market underreaction to open market share repurchases (1995)Do Investors Trade Too Much? (1999)Improved Methods for Tests of Long‐Run Abnormal Stock Returns (1999)Filter Rules and Stock-Market Trading (1966)Anomalies: Foreign Exchange (1990)Long Swings in the Dollar: Are They in the Data and Do Markets Know It? (1990)High frequency data in financial markets: Issues and applications (1997)Agent-based computational finance: Suggested readings and early research (2000)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Users of the world, unite! The challenges and opportunities of Social Media (2009)Further Evidence On Investor Overreaction and Stock Market Seasonality (1987)A Test of the Efficiency of a Given Portfolio (1989)Profitability of Momentum Strategies: An Evaluation of Alternative Explanations (2001)
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References

  • 1970EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*15,723 cited
  • 1970Efficient Capital Markets: A Review of Theory and Empirical Work13,616 cited
  • 1965The Behavior of Stock-Market Prices8,707 cited
  • 1988Permanent and Temporary Components of Stock Prices3,036 cited
  • 1992Simple Technical Trading Rules and the Stochastic Properties of Stock Returns2,298 cited
  • 1983Size-related anomalies and stock return seasonality1,800 cited
  • 1981Misspecification of capital asset pricing1,286 cited
  • 1992The use of technical analysis in the foreign exchange market1,071 cited
  • 1989On Technical Analysis499 cited
  • 1993The significance of technical trading-rule profits in the foreign exchange market: a bootstrap approach472 cited
  • 1991Naive Trading Rules in Financial Markets and Wiener-Kolmogorov Prediction Theory: A Study of "Technical Analysis"270 cited
  • 1998The predictability of security returns with simple technical trading rules264 cited
  • 2003How rewarding is technical analysis? Evidence from Singapore stock market234 cited
  • 2005Technical Analysis from A to Z226 cited
  • 1985Technical Analysis Explained: The Successful Investor's Guide to Spotting Investment Trends and Turning Points

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  • 2002Technical trading strategies and return predictability: NYSE127 cited
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