Financial Astrology in Stock Market Analysis
Subject Areas : Journal of Investment KnowledgeMohsen Ghasemian 1 , Feraydoon Rahnamay Roodposhti 2
1 - Master of Science in Financial Management, Islamic Azad University, Science and Research Branch, Tehran, Iran
2 - Professor, Islamic Azad University, Science and Research Branch, Tehran, Iran
Keywords: Financial Astrology, Technical Analysis, Behavioral Finance, Trading Cycles,
Abstract :
Financial Astrology as a tool in field of Technical Analysis is used in stock market analysis for many years. Although it's an old science and a known way for market analysts but in Iran it's unknown for traders and academic researchers. A doubt in point of view is necessary for investigators to test the claims but mysterious tools and unknown references would make it slow in science development and use it by market technicians. In this research some references in financial astrology including books, articles and related soft ware would be introduced to know the position of this field in financial markets. Results of this research show the usage of Financial Astrology in Capital Market Analysis and would help us to have a better realization of trading cycles and finally can help in portfolio stock selection.
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