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Joseph Russo

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Caterpillar: Outlook and Positions

Caterpillar: Outlook and Positions

With the global economy teetering on the brink, some big transnational corporations are coming under pressure. Today we are going to share a complete work-up on Caterpillar, which is one of the largest of such companies.

Taking our exclusive charting and forecasting work to the next level, here we will share with readers several pages of the most comprehensive coverage found daily within the Chart-Cast Pilot service.

The comprehensive work-up shall go many-steps beyond incredible chart analysis, and will provide you with specific points of engagement amid three timeframes, short-term, medium-term, and long-term.

In addition to providing specific trading and investment guidance for CAT in three distinct timeframes, this comprehensive work-up will also provide you with a full complement of chart analysis to go with it.

Before we bring you up to speed on CAT, let us first take you back to a long-term analysis page dispatched from the Chart-Cast Pilot back on March 01, 2012.

We have highlighted the date of this archived dispatch in yellow on the chart below. The visual wave-count we had illustrated shortly after CAT had set a new print high at 116.95 clearly anticipated an intermediate (c) wave decline toward the $80 dollar level, or lower.

To the left, in the text column beneath the chart image, the commentary and forecast furnished back in March of 2012 speaks for itself.

Beneath the chart to the right, we provide for you contextual links along with a graphic read, which we update daily, on the all-important US-Dollar, Long-term interest rates, and the infamous risk-on, risk-off VIX.

CAT: Long term Secular Trend

The chart above was THEN, and the chart below is NOW. Today's chart rendered below, illustrates in progress, a near perfect forecast and price path projection from three months prior.

CAT Weekly

Take note that with the exception of some minor adjustments to long-term trendlines, the wave count, as dictated exclusively by the dynamic price action - and not by a dogmatic or deterministic approach toward forcing a count or forecast, in the 3-months that have past, the analysis and notes have remained fixed, and thus far, right on target.

"The least number of revisions required amid real-time wave counts, the more skilled and accurate is the technician responsible for such."

Okay, with the super long-term chart analysis out of the way, let us now get you up to speed on CAT in three actionable timeframes. >> You may access the complete work-up by clicking here.

 

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