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Aflac is a good example of the kind of chart I'm seeing a lot of right now – – that is, over the past few days, it has made an explosive move higher, recapturing much of its lost value, but it is at a decision point: will it stall here and resume its fall, or will it climb to its next level of resistance, as illustrated by the green rounded rectangle?
My answer? I have no idea. Thus I am keeping my portfolio quite light.
I won't talk much about Steve Jobs today, because there's nothing I would say that Tim Knight won't say more eloquently and more knowledgeably. Jobs was a giant however, and arguably the Thomas Edison of the modern Age. His contribution to the development of the user-friendly personal computer was immense, and his impact on the music, film and home electronics industries particularly was also huge. The world is a poorer place after his tragically early death at only 56 and our thoughts should go to his family at this very difficult time for them.
