Monday, May 2, 2011

For Out CAT Shorts

CAT has had a very ugly open thus far...
 5 min chart with the triangle from Friday broken on volume

 The 1 min chart, UGLY!

 3c 5 min chart

As of this early hour in the market, this would be a daily confirmed reversal if it closed like this. If we close under the red trendline, CAT should see some accelerated downside.

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