peer reviewed pan g yatrakis yatrakis huizenga nova edu and albert a williams are both professors of finance and economics wayne huizenga school of business and entrepreneurship nova southeastern university ...
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...Peer reviewed pan g yatrakis huizenga nova edu and albert a williams are both professors of finance economics wayne school business entrepreneurship southeastern university abstract this paper reports on research performed with japanese candlestick charts in an effort to assess whether they contain predictive information violation the weak form efficient market hypothesis emh begins brief review empirical theoretical arguments favor exceptions that collectively comprises behavioral thought introduction history practice charting follows along discussion its originators belief it reflects influence sometimes irrational human emotion marketplace findings only other examine presented evaluated present utilizes sample nyse stocks drawn from universe observations during march april period each stock exhibiting specific pattern is analyzed for excess returns twenty subsequent trading days results indicate small but statistically significant return over five following appearance suggest existe...