On the Wave Analysis in Taiwan Stock Market
Date Issued
2008
Date
2008
Author(s)
Chen, Shu-Fang
Abstract
In The Wave Principle, R. N. Elliott (1938) proposed a framework towards the stock market analysis. However, Elliott wave principle has a serious problem: the wave counting is too ambiguous and subjective. In order to solve this drawback, Bill Williams (1995) integrated Fibonacci numbers, Elliott wave principle, Fractal geometry, and Chaos theory to develop the Profitunity approach.his thesis used a modification of the Profitunity approach to examine Taiwan stock market. We found that this modified trading rule obtained significantly positive weekly returns. Therefore, Taiwan stock market seems to conform to the four underlying theories and their main implication that stock market is a product of a nonlinear dynamical process.
Subjects
wave analysis
Profitunity Approach
Type
thesis
File(s)![Thumbnail Image]()
Loading...
Name
ntu-97-R94723036-1.pdf
Size
23.32 KB
Format
Adobe PDF
Checksum
(MD5):66f78c48c6b8d47fd2ae04187ad6248b