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Author Message  tryhay Member Username: tryhay Post Number: 920 Registered: 09-2005 Rating: N/A Votes: 0 Friday, February 08, 2008 - 09:01 am:     If $60 support is broken than CAT looks like a good short Weekly chart: Trusting the ST resistance holds first Happy trading DYOR  peter1 Member Username: peter1 Post Number: 216 Registered: 12-2005 Rating: N/A Votes: 0 Friday, February 08, 2008 - 08:50 pm:     The MACD on the CAT chart shows the downtrend is intact. Three rallies have failed to get past the sloping trend line. I was going to suggest a short asap and hang on. Then I noticed that this last rally has gone slightly further than the 61.8% retracement level, but it didn't break the trend line. This indicates that the downward momentum is slowing. Compare this rally with the rally in the prior swing down. The previous rally stopped right at the 61.8% level. It is interesting that I see this so many times. No trade suggestion from me. Enjoy the natural rhythm of the markets seen in this chart using the IC fibonacci tools.  tryhay Member Username: tryhay Post Number: 922 Registered: 09-2005 Rating: N/A Votes: 0 Friday, February 08, 2008 - 09:20 pm:     Hi P Long term uptrend breached, wrong side of the 200D_MA and the MA/s in decline, MACD Bearish, as is the DOW. If the short term downtrend is respected (or the 200D_MA) then this would be a short prospect when the resistance is respected & top up when support fails. W Chart: Interim target ~ $45 Happy trading DYOR  tryhay Member Username: tryhay Post Number: 957 Registered: 09-2005 Rating: N/A Votes: 0 Sunday, March 16, 2008 - 08:31 am:     Failed attempt at resistance here? CAT may not get to $45 any time soon, but if the swing higher is confirmed to have failed then $66 (and more likely $60) is sure on the cards IMO. Daily chart: Happy trading DYOR  tryhay Member Username: tryhay Post Number: 965 Registered: 09-2005 Rating: N/A Votes: 0 Thursday, March 20, 2008 - 07:11 am:     Is this a failed inverse H&S? Weekly chart: RSI looking poor, MACD still on -ve side, and CCI O'sold - not to mention the pattern here Happy trading DYOR

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