
Technical | Analysis page 64 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf
Chapter 4 The Technical Analysis Controversy 35 Do MARKETS FOLLOW A RANDOM WALK? Opponents of technical analysis claim that looking at past technical data, such as price and vol- ume, to help predict the future is outlandish. In the popular book, A Random Walk Down Wall Street, Burton Malkiel…