Portfolio management strategies for technical analysts

"We believe that calling actively trading institutions investors is like calling someone who only enjoys one-night stands a romantic."

The crazy trading associated with mutual funds is almost never-ending. They buy stocks when interest rates decrease by 0.25% and a month later sell them when interest rates increase by 0.25%. They employ a tactic called inertial investing, in which they must buy a stock when it rises rapidly in price and sell it when it falls rapidly. If there is just a sligh...