The Validity of Technical Analysis for the Swedish Stock Exchange : Evidence from random walk tests and back testing analysis
University essay from Högskolan i Jönköping/IHH, Economics, Finance and Statistics
In this paper I examine the validity of technical analysis for the Swedish stock index OMXS30 between 2001-12-28 and 2011-12-30. Results indicate that OMXS30 followed a non-random walk and that technical trading rules had predictive power over future price movements. Results also suggest that technical trading rules could be used to outperform a buy-and-hold strategy.
AT THIS PAGE YOU CAN DOWNLOAD THE WHOLE ESSAY. (follow the link to the next page)