title: Technical Analysis and Stock Market Profits
author: Richard. Schabacker
description: Picking up where Charles Dow left off, Richard Schabacker achieved fame in the 1920's and 1930's with his seminal work in technical analysis, which he said was capable of finding "dependable profits in the stock market, year in and year out." Students of his work went on to build technical analysis into the refined discipline it is today. This handsomely illustrated reproduction of Schabacker's landmark study of 1932 is a chartist classic. -- <i>Markets, July/August 1998</i><br /><br />The Information is as solid today as when it was written more than 50 years ago. This book is a large part of the foundation of technical analysis as we now know it. -- <i>Technical Analysis of Stocks &amp; Commodities, April 1998</i>
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  LATEST RESEARCH 
   
  Historical Volatility:  
  The Holy Grail Found?
   
  Larry Connors 
  CEO and Founder  
   
   
  This document cannot be reproduced without the expressed written permission of Connors Research, LLC. 
  Copyright © 2007 Connors Research, LLC. All Rights Reserved.  
   
  
   
  Historical Volatility: The Holy Grail Found? 
  Historical Volatility: The Holy Grail Found? 
  The question isn’t “Is the market efficient?” but rather “How inefficient is the market?” and “How 
  can we exploit this?" - Edward Thorp. 
  Over the many decades of academic studies and research done by market professionals, nearly 
  everything imaginable has been tested in an attempt to predict the direction of a company’s stock price. 
  P/E ratios, dividend yield, revenue growth, book value, earnings growth, etc. have been looked at over 
  and over. The one conclusion that can be made from these studies is that few, if any of them, show a 
  real statistical edge. The one area which we believe remains fer