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dc.contributor.advisorMoffit, Timothy E.
dc.contributor.advisorStull, Charles A.
dc.contributor.authorDickson, William
dc.date.accessioned2012-05-16T19:15:19Z
dc.date.available2012-05-16T19:15:19Z
dc.date.issued2009
dc.identifier.urihttp://hdl.handle.net/10920/26155
dc.description38 p.en_US
dc.description.abstractTechnical analysis is a very common investment tool used by traders to attempt to earn returns great than the market average. This paper will first discuss the background of technical analysis and its implications to the efficient market hypothesis. A simulation is also conducted that back-tests eight commonly used technical trading strategies across a diverse set of seven futures markets to determine if the efficient market hypothesis holds. The results show that ·only the Japanese Yen produces abnormal returns, which is not sufficient evidence to refute the efficient market hypothesis. Finally,, the paper will try to rationalize the results by discussing arbitrage pricing theory, auto-correlations of the futures markets and other topics.en_US
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen_US
dc.relation.ispartofKalamazoo College Economics and Business Senior Individualized Projects Collection
dc.relation.ispartofseriesSenior Individualized Projects. Economics and Business.;
dc.rightsU.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.
dc.titleTechnical Analysis: Capturing Alpha in Trending Marketsen_US
dc.typeThesisen_US
KCollege.Access.ContactIf you are not a current Kalamazoo College student, faculty, or staff member, email dspace@kzoo.edu to request access to this thesis.


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  • Economics and Business Senior Integrated Projects [1198]
    This collection includes Senior Integrated Projects (SIP's) completed in the Economics and Business Department. Abstracts are generally available to the public, but PDF files are available only to current Kalamazoo College students, faculty, and staff.

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