The position of the parent element that you want to function as the parent needs to be set to Relative. That target icon is only showing you what the current parent is.
body
parent position:relative;
child position:absolute;
content
/child
/parent
/body
Actually I now see that if the object with position:Absolute is placed inside a column block, the parent (the column block) do not have to be sat to position:Relative, it can be Auto/Static. But if a div is the parent object, it has to be set to position:Relative. I think this has confused me a bit.