The Evolution of Technical Analysis: Financial Prediction from Babylonian Tablets to Bloomberg Terminals

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John Wiley & Sons, Feb 23, 2011 - Business & Economics - 224 pages
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A comprehensive history of the evolution of technical analysisfrom ancient times to the Internet age

Whether driven by mass psychology, fear or greed of investors,the forces of supply and demand, or a combination, technicalanalysis has flourished for thousands of years on the outskirts ofthe financial establishment. In The Evolution of TechnicalAnalysis: Financial Prediction from Babylonian Tablets to BloombergTerminals, MIT's Andrew W. Lo details how the charting of paststock prices for the purpose of identifying trends, patterns,strength, and cycles within market data has allowed traders to makeinformed investment decisions based in logic, rather than on luck.The book

  • Reveals the origins of technical analysis
  • Compares and contrasts the Eastern practices of China and Japanto Western methods
  • Details the contributions of pioneers such as Charles Dow,Munehisa Homma, Humphrey B. Neill, and William D. Gann

The Evolution of Technical Analysis explores thefascinating history of technical analysis, tracing where technicalanalysts failed, how they succeeded, and what it all means fortoday's traders and investors.

 

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Contents

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vii
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IV
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59
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81
VII
105
VIII
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About the author (2011)

ANDREW W. LO is the Harris & Harris Group Professor ofFinance at MIT Sloan School of Management and the director ofMIT’s Laboratory for Financial Engineering. He has publishednumerous papers in leading academic and practitioner journals, andhis books include The Econometrics of Financial Markets,A Non-Random Walk Down Wall Street, and Hedge Funds: AnAnalytic Perspective. His awards include the Alfred P. SloanFoundation Fellowship, the Paul A. Samuelson Award, the Graham andDodd Award, the James R. Vertin Award, and the American Associationof Individual Investors Award. He is also Chairman and ChiefInvestment Strategist of AlphaSimplex Group, LLC.

Jasmina Hasanhodzic is a research scientist atAlpha-Simplex Group, LLC, where she develops quantitativeinvestment strategies and benchmarks. She received her PhD fromMIT’s Department of Electrical Engineering and ComputerScience. Her works on alternative market betas and technicalanalysis have appeared in leading publications, such as theJournal of Investment Management, and she is the coauthorwith Andrew Lo of the book The Heretics of Finance. She alsoserves on the Board of Directors of the Market TechniciansAssociation Educational Foundation.

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