Elliott Wave Analysis of Caterpillar (CAT) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge.
Since February 2012, CAT has been sporting 5-wave impulses to the downside, and 3-wave corrective structures to the upside, essentially amounting to a very bearish nested 1-2. Look out below!
Services Offered by ElliottWavePredictions.com:
- EWP ScreenShots
- Weekly “Counts” Webinars
- Sid’s movie of his method: “Early Detection of Trend Changes”
- On-Demand Analysis