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Support and Resistance

Positive: 6

Negative: 1

• [+] BROCK, William, Josef LAKONISHOK and Blake LeBARON, Simple Technical Trading Rules and the Stochastic Properties of Stock Returns, Journal of Finance, Volume 47, Issue 5 (Dec., 1992), 1731-1764.
  Dow Jones Index "Our results are consistent with technical rules having predictive power."
  Brock, Lakonishok and LeBaron (1992)
  
  
• [-] CURCIO, Riccardo, et al. Do Technical Trading Rules Generate Profits? Conclusions from the Intra-Day Foreign Exchange Market
  FX "Our main result is that, on average, neither of these sets of rules generate profitable trading strategies."
  
  
• [] DAMODARAN, Aswath, Charting and Technical Analysis
  Includes possible rationale.
  
• [+] Technical analysis in the Madrid stock exchange
  "Therefore, our results provide strong support for profitability of simple technical trading rules..." Fernández-Rodríguez, Sosvilla-Rivero and Andrada-Félix (1999)
  
  
• [+] HELLSTRÖM, Thomas, Optimization of Trading Rules with a Penalty Term for Increased Risk-Adjusted Performance
  The regularized 5-day resistance predictor has a hit rate of 59%.
• [] HELLSTRÖM, Thomas, Optimization of Trading Rules with a Penalty Term for Increased Risk-Adjusted Performance
  slides
• [0] A note on the weak form efficiency of capital markets: The application of simple technical trading rules to UK stock prices - 1935 to 1994
  Hudson, Dempsey and Keasey (1996)
  
  
• [+] Technical Analysis and Liquidity Provision
  "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)
  
  
• [+] Market Time Data™ Improving Technical Analysis and Technical Trading FX
  Levitt (1998)
  
  
• LIU, N. K. and K. K. LEE, An Intelligent Business Advisor System for Stock Investment
• LI, Jin and Edward P. K. TSANG, Improving Technical Analysis Predictions: An Application of Genetic Programming
• [+] Support for Resistance: Technical Analysis and Intraday Exchange Rates
  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)
  
  
• [] OSLER, C. L., Currency Orders and Exchange-rate Dynamics: Explaining the Success of Technical Analysis FX
  Osler (2001)
  
  
• Data-snooping, Technical Trading Rule Performance, and the Bootstrap
  Sullivan, Timmermann and White (1997)