Lin Ling, Zeng Yong, Tang Xiaowo. Test of Trading Rule of Moving Average[J]. Journal of University of Electronic Science and Technology of China, 2000, 29(6): 647-650.
Citation:
Lin Ling, Zeng Yong, Tang Xiaowo. Test of Trading Rule of Moving Average[J]. Journal of University of Electronic Science and Technology of China, 2000, 29(6): 647-650.
Lin Ling, Zeng Yong, Tang Xiaowo. Test of Trading Rule of Moving Average[J]. Journal of University of Electronic Science and Technology of China, 2000, 29(6): 647-650.
Citation:
Lin Ling, Zeng Yong, Tang Xiaowo. Test of Trading Rule of Moving Average[J]. Journal of University of Electronic Science and Technology of China, 2000, 29(6): 647-650.
This paper uses the moving average trading rule of the technical analysis method to do predictability research. The empirical evidence shows that the technical rules have predictive power, because adopting the moving average trading strategy can produce higher average return than using buy-holding strategy. The results prove theoretically that China's stock market is weak form efficient.
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