The New Science of Technical Analysis

The New Science of Technical Analysis

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The genesis for The New Science of Technical Analysis began in the unlikeliest of places: the field of Neuroscience. As Dr. Sherry describes, neuroscientists long held that the output of neurons in the central nervous system is an example of a random walk. Dr. Sherry, believing otherwise, created a series of statistical tests that demonstrated that the neuronal output had discernible patterns. Dr. Sherry began applying his findings to another reputedly random process: the financial markets.The statistical tests used to determine if an economically important time series is stationary, random, and/or independent have been described in detail in my book , Mathematics of Technical Analysis: Applying Statistics to Trading Stocks, anbsp;...

Title:The New Science of Technical Analysis
Author:Clifford J. Sherry
Publisher:iUniverse - 2004-04


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