-study suggests a connectionbetween the succes or failure of technical trading and the relative magnitudesof trend and volatility of …

measured by the variance is significantly larger than the amplitude under RE, implying persistent excess volatility. However …

. The evolutionarymodel explains stylized facts, such as fat tails,volatility clustering and long memory, of real financial …

, with technical analysts conditioning their forecastingrule upon deviations from a benchmark fundamental. Volatility …