BA Financial Services - Investment Analysis & Funds Management Various financial studies determine the signs of inefficiency in financial markets . Many critics blame the financial crisis happened in the late 2000s for the inefficiency in the financial market. The efficient-market hypothesis has been a controversial issue because of the substantial and lasting inefficiencies being observed by the business analysts worldwide. Furthermore, the evidence that stock market is weak of capital has determined. In this connection, technical analysis refers to the security analysis in forecasting the direction of prices by means of past market data study, primarily price and volume. In this connection, behavioral economics and quantitative analysis is associated with technical analysis. This is a main element of active management which stands in contrast to modern portfolio theory. The effectiveness of both technical and fundamental analysis is being argued based on mark...