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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.

The post $AAPL Apple Stock Chart – Bullish or Bearish Pattern? appeared first on Phantasmix.com.

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)

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This from my friend:

Makes you sort of realize that no matter how successful you are… it don’t mean shit.
 
 

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To Do: after market correction.

The post Memento: Trade Idea $AAPL Leap Call appeared first on Phantasmix.com.

1. iphone (AAPL)
2. business
3. wii (SNE)
4. music
5. Chynna Phillips
6. travel
7. games
8. Jaycee Dugard
9. apple (AAPL)
10. xbox 360 (MSFT)

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[[aapl]] Apple, short via January puts

[[bac]] Bank of America, option straddle, neutral

[[bee]] Strategic Hotels & Resorts, long stock

[[lyg]] Lloyd’s, long stock

[[spy]] S&P 500 SPDR ETF, short via March puts

The post $$ My Current Holdings appeared first on Phantasmix.com.

Those huge rising wedges look bearish, but as two potential head-and-shoulders patterns have been negated in the last few months, it can happen again. Patterns are made to be broken, I guess.

Click charts to enlarge

[[spy]]

[[qqqq]]

[[aapl]]

The post $SPY, $QQQQ, $AAPL Rising Wedges appeared first on Phantasmix.com.

[[aapl]] Apple

Price-MACD diverged some time ago, rising wedge seems to have broken down on increased volume.

$SPX

Similar to the AAPL chart, there’s divergence on the MACD though less significant and a potential rising wedge (bearish reversal pattern).

Markets and tech performance is tied to the U.S. dollar which looks to be reversing to the upside, at least it did today.

The post $SPX ($SPY), $AAPL Charts, September 1st appeared first on Phantasmix.com.