The object of this dissertation is to investigate
some of the more recent concepts and methods of technical
forecasting of market trends, business cycles and individual
security cycles and to indicate the sources from which such
data may be obtained.
This investigation indicates that technical forecasting
is a useful technique for the security analyst
which may be used to advantage. No attempt has been made to
prove that technical methods of forecasting are infallible
or that these methods may be considered superior to individual
security analysis but rather that they should be used
by security analysts in conjunction with other techniques.
The problem is divided into three phases. The first
phase, presented in Chapters I to IX, discusses technical
market trend forecasting and the results are compared with
actual market performances for 1959. The second phase,
Chapters X and XI, considers the shortcomings of the earnings
and valuation approaches of security analysis and contains
a discussion of business cycle forecasting. The
third phase, Chapters XII and XIII, illustrates a modified
technical method of evaluating common stocks. / Business, Sauder School of / Graduate
| Identifer | oai:union.ndltd.org:UBC/oai:circle.library.ubc.ca:2429/41683 |
| Date | January 1960 |
| Creators | Phelps, John Livingstone |
| Publisher | University of British Columbia |
| Source Sets | University of British Columbia |
| Language | English |
| Detected Language | English |
| Type | Text, Thesis/Dissertation |
| Rights | For non-commercial purposes only, such as research, private study and education. Additional conditions apply, see Terms of Use https://open.library.ubc.ca/terms_of_use. |
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