Journal of Applied Probability, Vol. 28, No. 4 (Dec., 1991), pp. 717-726 (10 pages) Recent results on the winding angle of the ordinary two-dimensional random walk on the integer lattice are reviewed.

Random walk hypothesis suggests stock market movements are unpredictable, impacting active trading. This theory supports long-term investment strategies, like buy-and-hold, over short-term speculation ...

Tim Smith has 20+ years of experience in the financial services industry, both as a writer and as a trader. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a ...