Hey, it's J-Dub here (that's my nick name for those of you who don't know). So we finally got everything up and running and now I can get back to blogging and throwing out some good analysis.
It's no secret I'm an apple fan. Love their computers, love their music players, love their phones - oh yea, love their stock. It's always fun to trade. However a lot of people seem to miss the fact that their evil phone counterpart Research in Motion (RIMM) is just as much fun to trade. In fact based on volume about half as many people trade RIMM as AAPL. But the funny thing we have noticed over the last year is how close the two run together.
This started appearing about a year ago, and while it's taken that long for the patterns to adjust and fully look like a mirror, over the last 6 months it's been easy to confuse the two charts. In fact one time in an online class back in October we were talking about AAPL but somehow the RIMM chart showed up. I got so confused and I remember saying "When did apple drop to $50/share?"
None the less - over the next little bit I'm going to continue this comparison as often a trade on one is actually setting up a trade on the other. If you need an easier trade then that then I think we need to talk!
Currently both stocks are forming what appears to be a pretty strong base/foundation. I'm mostly bullish on both. But I'll give better analysis in a post to come.
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