Migth be a "good defensive moveset", but then again, Alakazam is not a defensive pokemon, so you migth not want to put him in a gym in the first place, it will deal a lot of damage to the attacker, but it's certainly not a good defender.
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not good, confusion and future sight is better than psychic . attacker dont use it an defender.
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obv FS is better in terms of damage, but that doesn't mean psychic is useless. its early damage window still makes it a B to dodge.
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Befoe FS came out, i would say definitely. In fact, I have a 95% Confusion/psychic Alakazam that I powered up to lvl 33.5 myself before gen 2. But now there are better possabilities.