cassiopeia
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This claims to be a scientific study aimed at testing the efficacy of technical analysis although I think it should have focused more on predicting price direction rather than pattern prediction, the results should be interesting though.
http://www.burns-stat.com/test/pages/techanchal.html
"One hundred series of 500 daily closing prices of developed market equities are given. Each series is accompanied by four extensions of 50 daily observations each. One of the four extensions is the actual prices in the period subsequent to the series, the other three extensions are random. The object is to pick the actual extension from among the four possibilities"
Good luck!
http://www.burns-stat.com/test/pages/techanchal.html
"One hundred series of 500 daily closing prices of developed market equities are given. Each series is accompanied by four extensions of 50 daily observations each. One of the four extensions is the actual prices in the period subsequent to the series, the other three extensions are random. The object is to pick the actual extension from among the four possibilities"
Good luck!
