Caterpillar: Outlook and Positions

By: Joseph Russo | Tue, Jun 26, 2012
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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.

 


 

Joseph Russo

Author: Joseph Russo

Joseph Russo
Chief Editor and Technical Analyst
Elliott Wave Technology

Joseph Russo

Since the dot.com bubble, 911, and the 2002 market crash, Elliott Wave Technology's mission remains the delivery of valuable solutions-based services that empower clients to execute successful trading and investment decisions in all market environments.

Joe Russo is an entrepreneurial publisher and market analyst providing digital online media solutions designed to assist traders and investors in prudently and profitably navigating their exposure to the financial markets.

Since the official launch of his Elliott Wave Technology website in 2005, he has established an outstanding record of accomplishment, including but not limited to, ...

  • In 2005, he elicited a major long-term wealth producing nugget of guidance in suggesting strongly that members give serious consideration to apportioning 10%-20% of their net worth toward the physical acquisition of Gold (@ $400.) and Silver (@ $6.00).

  • In 2006, the (MTA) Market Technicians Association featured his article "Scaling Perceptions amid the Global Equity Boom" in their industry newsletter, "Technically Speaking."

  • On May 6 of 2007, five months prior to the market top in 2007, though still bullish at that time, he publicly warned long-term investors not to be fooled again, in "Bullish Like There's No Tomorrow."

  • On March 10 of 2008, with another 48% of downside remaining to the bottom of the great bear market of 2008-2009, in "V-for Vendetta," using the Wilshire 5000 as proxy, he publicly laid out the case for the depth and amplitude of the unfolding bear market, which marked terminal to a rather nice long-run in equity values.

  • Working extensively with EasyLanguage® programmer George Pruitt in 2010 and 2011, the author of "Building Winning Trading Systems with TradeStation," he assisted in the development of several proprietary trading systems.

  • On February 11, 2011, he publicly made available his call for a key bottom in the long bond at 117 '3/32. Within a year and half from his call, the long bond rallied in excess of 30% to new all time highs in July of 2012.

  • For the benefit of members and his general readership, he responded to widespread levels of economic and financial uncertainty in the development of Prudent Measures in 2012.

  • He publicly warned of a major top in Apple on October 26, 2012 in the very early stages of a 40% decline from its all time high.

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