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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