Evidence-Based Technical Analysis is a breakthrough book that rigorously applies science and statistics to determine the effectiveness of technical analysis in forecasting markets and providing profitable trading signals. This book provides a methodology for evaluating the performance of objective trading rules, even when data mining methods--which can positively bias results--are used. Author David Aronson tests more than 6,400 trading rules to demonstrate the application of a new approach to rule and system evaluation. By using the methods discussed, today's trading technician can implement data mining methods without fear of chasing fool's gold.