Dow Jones Index "Our results are consistent with technical rules having predictive power."
Brock, Lakonishok and LeBaron (1992)
[Cited by 674] (40.63/year)
"We find evidence consistent with the hypotheses that support and resistance levels coincide with peaks in depth on the limit order book...These results demonstrate that technical analysis can have value even in an efficient market, and provide a practical method for estimating the level of liquidity on the book."
Kavajecz and Odders-White (2002)
[Cited by 45] (9.81/year)
FX "The results indicate that intraday exchange rate trends were interrupted at published support and resistance levels substantially more often than would have occurred had the levels been arbitrarily chosen."
Osler (2000)
[Cited by 43] (5.01/year)
Osler (2001)
[Cited by 61] (10.91/year)
Hudson, Dempsey and Keasey (1996)
[Cited by 52] (4.13/year)
FX "Our main result is that, on average, neither of these sets of rules generate profitable trading strategies."
[Cited by 3] (0.26/year)
Includes possible rationale.
[not found]
"Therefore, our results provide strong support for profitability of simple technical trading rules..."
Fernández-Rodríguez, Sosvilla-Rivero and Andrada-Félix (1999)
[Cited by 10] (?/year)
The regularized 5-day resistance predictor has a hit rate of 59%.
[Cited by 1] (?/year)
slides
Levitt (1998)
[Cited by 1] (?/year)
[Cited by 12] (1.04/year)
[Cited by 16] (1.67/year)
Sullivan, Timmermann and White (1997)
[Cited by 296] (30.87/year)