Taboo Talk: Technical Analysis
Rarely discussed, often used.
Speaking the Unspeakable
Yesterday's The Wall Street Journal featured an unusual teaser: "Thumbs Up For Technical Analysis." In the article, Wasatch Funds president Sam Stewart described his company's increasing use of price-based signals with stock selection. "We used to be 100% fundamental analysis," Stewart told the Journal. Now the firm reviews "several technical indicators."
It's been a while since I've seen a portfolio manager confess to using technical analysis. Well, not using that word.