649bruno
Short

CAT: Sell Signals, Part 2, Bearish Alt Pattern Completed

NYSE:CAT   CATERPILLAR INC
18 0 2
This is part two for CAT. In part one we highlighted a five wave (and a-b-c corrective wave) harmonic pattern .
In the above chart I am showing you a completed bearish Alt Bat pattern.
Both parts one and two are in the same time horizon. I am trying to illustrate different ways of constructing harmonic patterns .
Elliott waves can be of short, intermediate, and longer range time durations.
The point I am trying to make is there are many negative indicators currently in effect for CAT. In my opinion, this stock is heading lower.
I would like to close with a quote from Mark Twain:
“If you don't read the newspaper, you're uninformed. If you read the newspaper, you're mis-informed.”
I hope this has been entertaining, helpful, and informative. I hope all of your trades go well. Don.
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