Caterpillar Inc -CAT -Daily -Retest of Distribution Top - Short

847 6 14
The chart shows the pattern, setup, triggers, stops and targets.

The trade sets up from the low volume rally back to the frequent trading zone over 104, up to 110.

There is a "time at mode" buy signal that is failing quite dramatically if CAT doesn't reach 107.70 by Monday's close of trading. The downside target appears to be at the 96 level (+1/-1, or 97-95). Stops are just over the recent swing high plus a point or so. Stops @ 104.20 and up.

Tim November 14, 2014 3:30PM EST 101.39 last.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
This really played out nicely!
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Note to devinchi: I highly recommend investing in Tim's Key Hidden Indicators, you'll find it in the Indicators List, under Key Market Add-Ons. I to amm going thru Tim's charts, and what's fascinating it to click on the UPdate button to see how his charts play out.
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Tim,i have been following all your trades and am new to investing and treading but i dont know anything what so ever about charts,but i must say that you make charts so easy to read for someone who hasn't got a clue at all, keep it up and thank you so much.
+1 Reply
There's a lot of dead bodies up there at the $104+ altitude. Excellent analysis.
Not a bad looking chart sire
timwest tompower
Thanks Tom
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