Summary of The Evolution of Technical Analysis

Andrew W. Lo and Jasmina Hasanhodzic

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The Evolution of Technical Analysis book summary

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Finance professor Andrew W. Lo and research specialist Jasmina Hasanhodzic present a history of finance and of the development of business and stock markets. Their informative research connects the commerce of ancient times to modern practices, theories and analytical methods. getAbstract recommends this sweeping and engaging history to professionals curious about how business evolved and to students majoring in economics, finance, history or related disciplines.

In this summary, you will learn

How technical analysis began,
How historical events have shaped it and
How technological advances transformed how Wall Street operates.

About the Authors

Andrew W. Lo is a professor of finance at the MIT Sloan School of Management and the chairman of the AlphaSimplex Group, where electrical engineer and computer scientist Jasmina Hasanhodzic is a researcher.

Summary

How Technical Analysis Works
Technical analysis seeks patterns like cycles or waves in past market data to forecast prices. This kind of study originated long before computers permitted the development of today’s math-intensive, analytical theories. Technical analysis and quantitative ...