|
PureBytes Links
Trading Reference Links
|
<<I did some fairly extensive testing of candlestick patterns on
S&P500 futures daily data a few years ago, and found that
the basic patterns (including most of the ones listed in the
MetaStock manual) were not statistically valid forecasters
of direction.>>
There was a recent article in either Stocks and Commodities or Futures Magazine that found the same thing for ALL stocks. The person who wrote the article back tested several years of stock data and found no correlation between candlestick patterns and profitable entry and/or exit points.
Jay
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|