Are there Psychological Barriers in the Dow-Jones Index?

Preprint
Publisher Website
Google Scholar
    • preprint
      • Published in RePEc
Abstract
The popular press attaches particular significance to certain numerical values of the Dow-Jones index. These magic numbers are referred to as `resistance levels' or `psychological barriers.' We examine 38 years of closing values of this index to see if it is of any help in predicting future stock market returns.
All Related Versions

This publication has 0 references indexed in Scilit: