Market Efficiency For S&P 500: 1954-2004
2011 ◽
Vol 4
(7)
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Keyword(s):
This paper tests three moving average technical trading rules for the S&P 500 stock index. Using daily data from 1954 to 2004, our results indicate that moving average rules did indeed had predictive power and could discern recurring-price patterns for the period up to mid 1980s. However, since mid 1980s, technical trading rules do not work and could not discern recurring-price patterns. Our results are consistent with market inefficiency from 1954 to 1984 and market efficiency from 1984 to present.
2013 ◽
Vol 7
(2)
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pp. 11-27
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Keyword(s):
2014 ◽
Vol 30
(3)
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pp. 833
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Keyword(s):
2011 ◽
Vol 6
(9)
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Keyword(s):
Keyword(s):
2014 ◽
Vol 8
(1)
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pp. 27-41
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2007 ◽
Vol 10
(04)
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pp. 585-617
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Keyword(s):