Latest quote: (aapl: 156.25 +0.17%)
What do you see here:
… 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.
You’ll read this on a hundred blogs in the next little while. Sorry.
I’ve heard this speech before, but want to save this part on my blog, for future reference.
No one wants to die. Even people who want to go to heaven don’t want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because death is very likely the single best invention of life. It’s life’s change agent; it clears out the old to make way for the new. Right now, the new is you. But someday, not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it’s quite true.
Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary. (Steve Jobs, 2005 Stanford commencement speech)
RIP Steve Jobs.
This from my friend:
Makes you sort of realize that no matter how successful you are… it don’t mean shit.
Jan 2013 call. Maybe silly but based on the line ups of people wanting to get the iPad. I think Jobs’ demise is almost all factored in.
To Do: after market correction.