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To: Road Walker who wrote (187)8/25/2010 12:46:39 AM
From: Lahcim Leinad1 Recommendation  Read Replies (1) | Respond to of 848
 
I understand. I was just pointing out that the pattern is fitting the classic definition of a well respected term.

head-and-shoulders

In technical analysis, a chart pattern indicating the rise and fall of a stock's price throughout a given period and characterized by a peak followed by a decline, a second peak that rises above the first peak followed by a decline, and finally a third rise to a level below the second peak followed by a decline. The first and third peaks are shoulders while the second peak is the pattern's head. Technical analysts generally consider a head-and-shoulders pattern to be a very bearish indicator if the second shoulder declines below a line connecting the bottom points of the two intermediate declines.


That's the definition, and the way the chart I posted looks, today, as far as I can tell. Will see how it shakes out. I'm flat AAPL so truly? I don't really care. It's just interesting to watch, that's all.

Anyway, before I get booted from here for off topic blather, I better post an app, huh? Photographer friends with iPhones love this one:

apptism.com