金融市场创新与发展.pptVIP

Fundamentalists look for changes in the basis of value, which eventually leads to changes in the supply and demand for the stock. Technicians look for evidence of changes in supply and demand through market signals and indicators. EMH says all this looking is a hopeless and profitless exercise since prices will change instantaneously to information changes. * * 第一百五十八页，共二百二十八页。 value time Old intrinsic value Point4:EMH Point1:start Point2:fundamentalists Point3:technician New intrinsic value Support level Resistance level * * 第一百五十九页，共二百二十八页。 Advantages of technical analysis It’s quick and e