Bloomberg Tests Eight Technical Analysis Strategies

By on May 8, 2009

The Bloomberg article claims that 6 out of 8 technical analysis strategies failed, but it appears from the results that they all beat the S&P 500 which fell 56.8% from 10/09/2007 – 3/09/2009. The worst strategy, the relative strength index, fell 49% over the same period.

Source:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aM76hi1IDeOo&refer=home
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