The prediction of price movements
The prediction of price movements
`Technical analysis, the prediction of price movements based on past price movements, has been shown to generate statistically significant profits despite its incompatibility with most economists’ notions of efficient markets”.’
(from ‘Head and Shoulders: Not Just a Flaky Pattern’, Federal Reserve Bank of New York, C.L. Osler and P.H. Kevin Chang, Staff Report No. 4, August 1995)
YOU ARE REQUIRED to critically discuss the above statement with reference to technical analysis and Efficient Market Hypothesis and use of the recent articles from academic journals.
1.
It is expected to research the topic yourself and provide a well-argued essay addressing the topic.
Marking
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Strong demonstration of factual and knowledge-based elements. Very good quality of presentation and structure. Evidence of extensive research undertaken.
