Trading Ideas That Paid – CAT

Caterpillar (CAT) posted a new all-time high, up 2.8% on above the daily average volume to 96.23.  This is bullish from a technical perspective.  In fact, as the chart below indicated, CAT could climb above 117 and test the 161.8% Fibonacci extension of the 2008 to 2009 major downswing after breaking out from the so-called bullish flag pattern.  Just so that you know, initially profiled in our June 1, 2009 “Swing Trader BulletinCAT had gained more than 170% and remained well position.

Click here to read a detail technical analysis.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

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