n Investment Analysts Journal - A comment on Investment Basics XLV. Technical analysis - breaking-out on an upward trend? by MB Cohen

Abstract

Extracted from text ... Number 56 - Part 6 D Damant* A comment on Investment Basics XLV. Technical analysis - breaking-out on an upward trend? by MB Cohen Email: mail@daviddamant.fsnet.co.uk Email: alexisa@mweb.co.za and Maxwell.t@wbs.wits.ac.za Mr Cohen's useful note in The Investment Analysts* Journal No 55 reflects the negative view held by some academics and others towards technical analysis. This opposition to technical analysis may stem from the original elaboration of the Efficient Market Theory, essentially in the 1970's, where the market was held by many universities to be completely efficient, with no opportunities for above average results. But this hard-line position has now significantly ..