Technical Analysis and Shopping Malls
March 7, 2014
My Friend Ari Wald of Wolfe Research brought this one to my attention:
Investopedia.com on Technical Analysis:
In a shopping mall, a fundamental analyst would go to each store, study the product that was being sold, and then decide whether to buy it or not.
By contrast, a technical analyst would sit on a bench in the mall and watch people go into the stores. Disregarding the intrinsic value of the products in the store, the technical analyst's decision would be based on the patterns or activity of people going into each store.
I like it
Source: