Please read to the end, it only takes two minutes and is worth 1 million.
One minute to read and one minute to think.
There is a very large futures broker in Chicago. The chairman of this broker hired a star analyst as an assistant.
One day, two people were watching the soybean futures market together. The analyst predicted an important support level, and the price of soybeans slowly fell to near the support level predicted by the analyst.
The chairman looked up at the analyst and asked: The price will stop falling here and will rise, right?
Analysts say with great certainty that this is today's lowest price.
The chairman retorted, "It's nonsense, just look at it." He picked up the phone and told the trader to sell 2 million soybeans. Thirty seconds later, the price of soybeans plummeted ten cents, falling cleanly below the support level predicted by analysts.