Observations on
Psychology and the Markets
A recent article on the Airplane Owners and Pilots Association (AOPA) website reminded me of the value of situational awareness and a big picture orientation. I was on one of my first long training flights with my flight instructor, navigating a Cessna 172 from Providence (KPVD) to our home airport of Norwood (KOWD)…
We've fallen into a sort of daily routine for our Spring Break in Sicily. Lazy morning at home, load the car up around 10:00, go exploring. Lunch on the fly and a bonus gelato stop when we need a morale boost. With very little English spoken, every step of this journey has been an adventure. However, the most hair-rising and invigorating challenge has been driving in Sicily.
JC Parets, a very capable technician as well as fellow wine aficionado, wrote a great post on All Star Charts comparing sommeliers to technical analysts. Specifically, he discussed the methodical way in which sommeliers evaluate a wine during a tasting to the methodical way that a technical analyst reviews the weight of the evidence...
