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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Tuesday, February 2, 2010

CAT


Shadow trader free trial has a short trade on CAT setting up. I thought I'd take a look and zoom in a bit. It definitely looks like a bearish descending triangle setup between the two fibonacci lines:
52.94 - 53.67 (entry)
48.44 (target)
46.80 (second tier target)
above gap fill 54.65 (stop)

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