Latest quote: (aapl: 160.47 +0.37%)

What do you see here:

head-and-shoulders (bearish)…

… or a falling wedge (bullish)?

I’m leaning towards the Head-and-Shoulders, because an ideal falling wedge would form after a downtrend. Falling wedge is a reversal pattern, and it’s the final drop before the bottom, with ever lower volatility producing smaller spikes, so this doesn’t qualify.

Anyway, I would never-ever bet on AAPL one way, and I think the best way to play this is a straddle. It’s a volatile stock, a straddle should produce good results, most of the time.

I may have been too hasty selling AMD, as the volume and pattern confirm an imminent breakout, despite a short-term overbought condition.

Might have to chase it…