US Federal Reserve Economist Shows Support For Resistance In Intraday Technical Analysis
MARKETVIEW
NEW YORK--Intraday technical analysis has finally been proven to work.
Carol Osler, a senior economist at the US Federal Reserve, in a paper published in the July issue of the Fed's monthly Economics Policy Review, says that for the first time she has created a mathe matical model that allowed her to match market predictions with later performance.
The paper, entitled Support for Resistance: Technical Analysis and Intraday Exchange Rates, focuses on support and resistance levels--points at which
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