Access the full text.
Sign up today, get DeepDyve free for 14 days.
R. Edwards, J. MaGee, W. Bassetti (2018)
Technical Analysis of Stock Trends
M. Harris, A. Raviv (1993)
Differences of Opinion Make a Horse RaceReview of Financial Studies, 6
M. Hellwig (1982)
Rational expectations equilibrium with conditioning on past prices
L. Blume, D. Easley (1984)
Rational expectations equilibrium: An alternative approachJournal of Economic Theory, 34
Bruce Grundy, M. McNichols (1989)
Trade and the Revelation of Information through Prices and Direct DisclosureReview of Financial Studies, 2
David Brown, R. Jennings (1989)
On Technical AnalysisReview of Financial Studies, 2
Jonathan Karpoff (1987)
The Relation between Price Changes and Trading Volume: A SurveyJournal of Financial and Quantitative Analysis, 22
W. Brock, Josef Lakonishok, B. LeBaron (1992)
Simple Technical Trading Rules and the Stochastic Properties of Stock ReturnsJournal of Finance, 47
Blume Blume, Easley Easley (1990)
Implementation of Walrasian equilibriaJournal of Economic Theory, 51
J. Jordan (1983)
On the Efficient Markets HypothesisEconometrica, 51
D. Easley, Maureen O'Hara (1992)
Time and the Process of Security Price AdjustmentJournal of Finance, 47
Sanford Grossman (1980)
On the Impossibility of Informationally Efficient MarketsERN: Efficient Market Hypothesis Models (Topic)
Salih Neftçi (1991)
Naive Trading Rules in Financial Markets and Wiener-Kolmogorov Prediction Theory: A Study of "Technical Analysis."The Journal of Business, 64
Hell wig Hell wig (1982)
Rational expectations equilibrium with conditioning on past prices: A mean‐variance exampleJournal of Economic Theory, 26
Jiang Wang (1994)
A Model of Competitive Stock Trading VolumeJournal of Political Economy, 102
A. Gallant, Peter Rossi, George Tauchen (1992)
Stock Prices and VolumeReview of Financial Studies, 5
L. Blume, D. Easley (1990)
Implementation of Walrasian expectations equilibriaJournal of Economic Theory, 51
R. Radner (1979)
Rational Expectations Equilibrium: Generic Existence and the Information Revealed by PricesEconometrica, 47
M. Degroot (1970)
Optimal Statistical Decisions
J. Campbell, Sanford Grossman, Jiang Wang (1992)
Trading Volume and Serial Correlation in Stock ReturnsCapital Markets: Market Microstructure
ABSTRACT We investigate the informational role of volume and its applicability for technical analysis. We develop a new equilibrium model in which aggregate supply is fixed and traders receive signals with differing quality. We show that volume provides information on information quality that cannot be deduced from the price statistic. We show how volume, information precision, and price movements relate, and demonstrate how sequences of volume and prices can be informative. We also show that traders who use information contained in market statistics do better than traders who do not. Technical analysis thus arises as a natural component of the agents' learning process.
The Journal of Finance – Wiley
Published: Mar 1, 1994
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.