This paper to examine whether the effectiveness of technical analysis is due to time equilibrium or not. To test the effectiveness of technical analysis, bootstrap methodogy was used which is developed by Bradley Efrom. The result of bootstrap analysi...
This paper to examine whether the effectiveness of technical analysis is due to time equilibrium or not. To test the effectiveness of technical analysis, bootstrap methodogy was used which is developed by Bradley Efrom. The result of bootstrap analysis shows that the effectiveness of technical is not related with time equilibrium.