Ask Colin

Are you aware of any funds that solely employ Technical Analysis for their investment decisions?

I am sorry, but I do not know any. I doubt there are any, in fact. They have to justify their actions against accepted industry norms if challenged. Technical analysis does not have that support, except maybe as a timing tool. Any fund manager using technical analysis will still make their major decisions on fundamentals. I happen to think this is a good policy. Technical analysis has its uses, but it cannot be used alone with safety, especially in the share market.

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