Alvarez-Ramirez, Jose; Fernandez-Anaya, Guillermo; … - In: Physica A: Statistical Mechanics and its Applications 337 (2004) 3, pp. 609-624
Some stability effects of technical trading on financial/commodity markets are analyzed in this paper. Technical trading is characterized by using past price information within a time-delay horizon to forecast future price dynamics. By introducing fundamental and technical excess demand...