Daily Speculations

The Web Site of Victor Niederhoffer & Laurel Kenner

Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter;  a forum for us to use our meager abilities to make the world of specinvestments a better place.



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Technical Analysis, by Kim Zussman

Technical Analysis in Financial Markets is a book-sized summary of PhD thesis which uses statistical techniques to assess an array of trend-following and moving-average systems in commodity and stock markets. This recent and thorough-appearing work tests many systems, some of which show significant profits over some periods in different markets. Not surprisingly no system stands out (if it did, the nascent academician might have left university and moved to Manhattan), but the analysis might deballyhoo some common practices.