Trivedi, Smita Roy - In: European Journal of Economics and Economic Policies: … 18 (2021) 1, pp. 11-28
Profitability of technical-analysis strategies has been explained with reference to central-bank intervention in markets (Neely 1998; LeBaron 1999; Saacke 2002). I argue that central-bank intervention is a market shock which leads to a generation of trends, making technical analysis profitable. Looking...