Does Technical Analysis Work?
This is one of the great questions debated in academia and trading circles for years. The situation is a rather simple one and sets up as follows:
1. The academic world is firmly entrenched in efficient market theory whose primary tenants include the notion that movement in the market is primarily random. Since movement in the market is random, this would preclude most of the primary assumptions of technical theory, which states that there are certain patterns and formations that
