Stars, crows, and doji: The use of candlesticks in stock selection
AbstractThis paper examines Japanese Candlestick methods of technical analysis for 349 stocks. Using more data and alternative tests, the study contradicts an earlier article in the literature, finding little value in the use of candlesticks and providing more support for the weak form of the Efficient Markets Hypothesis.
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Bibliographic InfoArticle provided by Elsevier in its journal The Quarterly Review of Economics and Finance.
Volume (Year): 49 (2009)
Issue (Month): 2 (May)
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Web page: http://www.elsevier.com/locate/inca/620167
Market efficiency Candlestick Technical analysis Charting;
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