claydoctor

CAT update

Short
NYSE:CAT   Caterpillar
0
Yellen & santa clause rally, yea I know, but still think this chart plays out, perhaps this only last couple more days, especially if rally fails, and with thin volumes, Vol up, big spike down. Sory, still GDP adjust not good, world has been contracting, and is still, no Yellen or santa can change that quickly, this is a statement and expectation mini pop, not to last. zooming in before the IHS started in 2008 and 2011, there is a golden small triangle that preceeds each beginning of the left shoulder, and we are in it now. I will conceede that if we break and hold above 92.48 it disqualifies this scenario, but if we hit 92.48 as resistance and fail, then this chart confirms for now, and we see if history repeats. Whatever causing oil drop, how does world react, the same behavior, I think so IMHO.
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