Conversations with Leading Practitioners of Technical Analysis
by ANDREW W.LO AND JASMINA HASANHODZIC
"The Heretics of Finance is a fascinating view of the art and craft of technical analysis. For finance professionals and academics alike, this book is an excellent introduction to what technical analysts do and why it may make sense in modern markets. An enjoyable and very enlightening book."
"Technical trading is ubiquitous in financial markets, which might explain some major financial market anomalies and makes it an important topic for research. Like good scientists, Lo and Hasanhodzic explore this territory by gathering firsthand observations, with fascinating results."
"In the last twenty years, academics have piled up evidence on the puzzling success of technical analysis, yet few researchers are very familiar with the thinking of technicians. Lo's and Hasanhodzic's interviews with well-known technicians illuminate their thinking on the markets and their profession. The Heretics of Finance is a must read for economists studying technical analysis, behavioral finance, or related market anomalies. I recommend it highly."