649bruno
Short

Caterpillar Update: Decline Still In Effect, Part 2

NYSE:CAT   CATERPILLAR INC DEL
22 0 3
UPDATE 2 OF 2. On Friday I established a new short position in CAT. TRADE-MAP suggests further weakness.
Here are the letters and what "TRADE-MAP" means to me (first the letters in TRADE):
1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
Now the letters in MAP:
6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance. There you have it: Don's personal "TRADE-MAP.
Here are "Don's Top Ten Technicals": 1. The Ichimoku Cloud is SINKING, with lower prices now than structure to the left. 2. Prices are falling BELOW the cloud. 3. Prices are falling BELOW the thick red Ichimoku Cloud Conversion line. 4. The thick red conversion line is moving LOWER. 5. The thick black line is the Ki-Jun-Sen baseline of the Ichimoku Cloud and this is HEADING DOWN. 6. The indicator on the top of the page is RSI / Stochastic , and this is FAILING. 7. The top-side middle indicator is vortex and this is NEGATIVE (red over green). 8. The Top (bar-type) indicator measures the "phase energy", and this HAS CONTINUED BELOW THE ZERO LINE. IT HAS STALLED AT THE CROSS-OVER POINT. This suggests the selling has more to go. 9. The red fractal arrows (not pictured) are DOWN.
10. Look to the far lower right on the chart, around $69.87. You will notice a yellowish line on the bottom (jaws), with black dots above (teeth), and a blue line (jaw) above the black dots. Now, all three are CLOSED, correct? This is where I ask you to use your imagination and envision these three items as the "jaws, lips, and teeth of a SLEEPING alligator, and the alligator will continue to feed into the DOWN-TREND soon.
I would like to close with a quote from “Hall of Fame” pitcher Satchel Paige: “Money and women. They’re two of the strongest things in the world. The things you do for a woman you wouldn’t do for anything else. Same with money.”
I hope this has been entertaining, helpful, and informative. May all of your trades go well. Don.
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