Return to search

Identification through technical analysis: A study of charting and UK non-professional investors

No / The usefulness of technical analysis, or charting, has been questioned because it flies in the face of the ‘random walk’ and tests present conflicting results. We examine chartists’ decision-making techniques and derive a taxonomy of charting strategies based on investors’ market ontologies and calculative strategies. This distinguishes between trend-seekers and pattern-seekers, and trading as a system or an art. We argue that interpretative activity plays a more important role than previously thought and suggest that charting’s main appeal for users lies in its power as a heuristic device regardless of its effectiveness at generating returns.

Identiferoai:union.ndltd.org:BRADFORD/oai:bradscholars.brad.ac.uk:10454/6164
Date January 2009
CreatorsRoscoe, P., Howorth, Carole
Source SetsBradford Scholars
Detected LanguageEnglish
TypeArticle, No full-text in the repository

Page generated in 0.0017 seconds