Traditional technical analysis invalid empirical methods to improve
|Keywords||Technical Analysis Invalidity Improvement An Empirical Study|
Fundamentally, how reasonable understanding of the use of technical analysis methods , we must answer as an investor , our understanding and practical guidance , on the one hand , a direct result of our personal investment , and the other , our joint force will also affect the healthy development of China's securities market , technical analysis should be carried out in-depth study . Absorbed in the process of writing this article , in order to highlight the systematic research on technical analysis , technical analysis discussed some of the views of others , and on this basis , using appropriate methods according to their own understanding of the systematic deepening further put forward their own views . People generally feel that no matter the conditions of technical analysis , we start from the definition of technical analysis , comparative analysis of the major achievements of domestic and foreign technical analysis and technical analysis and the use of the current situation and existing problems in-depth and detailed analysis . The deficiencies of the existing technical analysis methods , from an empirical point of view , the ineffectiveness of the traditional technical analysis methods , statistical analysis found that traditional graphical analysis tends to be invalid ; analysis of very limited use of traditional indicators . Traditional indicators analysis of A-share market in the early ( 1990/12/19 ~ 1992/05/21 ) can indeed guide investment and short-term analysis is more effective than long-term analysis , but after 1992/05/21 traditional indicators get \income \Because of the disadvantages of the traditional methods of technical analysis , this paper based on statistical analysis of a series of new investment analysis methods , such as : correlation analysis, cluster analysis , principal component analysis and factor model analysis . Finally, the comparative analysis of the effect of the old and new methods of technical analysis and draw new technical analysis method is superior to traditional methods of technical analysis conclusions . In addition, some useful exploration and research the use of modern scientific techniques and methods of technical analysis .