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RE: Why isn't Apple in the forefront of innovation anymore
Apple died with Jobs and Tim Cook's greatest contribution was wireless headphones that directly send the soundwaves into your ears. I really have much more respect for MSFT. I really loved what they attempted with windows phone and games although the execution was utterly terrible.
Also a small observations. The charts looks a little similar to BTC IMHO. They both seem to be going the same path too.
Let's see. Now is definetly a good time to short it
I'd say wait. Apple still has a lot of market dominance and there are hardcore fans from Jobs era who are still sticking with Apple. New iPhone release would be a good time. But close as soon as your make some profit. People would see the drop as a great price to enter than the downfall it really is and the prices will stabilize.
Investors don't want to buy in after the 5th elliot wave