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Pit Stops:
The Balloonist |
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A man is flying in a hot-air balloon and realizes he is lost. He reduces height and spots a man down below. He lowers the balloon further and shouts: "Excuse me, can you tell me where I am?" |
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The man below says, "Yes you're in a hot-air balloon, hovering 30 feet above this field." |
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"You must work in technical analysis," says the balloonist. |
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"I do," replies the man. "How did you know?" |
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"Well," says the balloonist, "everything you have told me is technically correct, but it's no use to anyone." |
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The man below says, "You must be a fundamental trader." |
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"I am," replies the balloonist, "but how did you know?" |
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"Well," says the man, "you don't know where you are or where you're going, but you expect me to be able to help. You're in the same position you were before we met, but now it's my fault." |
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And so it goes. Here in Chicago at least, we like to be technical traders until the next government report comes out. |
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