Smith Barney is Now Outsourcing Their Technical Analysis

Here’s an interesting follow-up to the Citibank/Smith Barney story about them firing their TA group. I just got an email from a reader, Bruce, telling me that Smith Barney has actually outsourced :-o their TA to Dorsey Wright & Associates. I’m trying to find a press release that I can link to, but no dice so far. I do see a mention of it on Real Money’s Columnist Conversation but since I’m not a subscriber I can’t see the whole note.

For Real Money subscribers, Rev Shark has posted his thoughts on this story — Don’t Worry, Technical Analysis Isn’t Going Away.

Update: OK, here’s an article about the deal with Dorsey.