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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Bears Take on the Tractors

chessNwine Thu Oct 3, 2013 11:03am EST 3 Comments

Both CAT and DE remains vulnerable overall charts. They are now bear-flagging on their daily timeframes, indicated below. We have been looking at them for a while, and they have basically gotten weak and stayed weak.

I view them as short ideas with cover-stops above Tuesday’s highs on each.

What are you trading this morning?

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CAT

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DE

 

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3 comments

  1. TheOSU
    TheOSU
    October 3, 2013 at 11:35 am

    I bought the DIA 154 for next Friday . I’m the only trade of the day and you can see that it is a total gamble . Chump change ; putting up a weiner to win the butcher shop .

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  2. Sooz
    Sooz
    October 3, 2013 at 12:11 pm

    you cut off some cat tails there, Chess..hmm(?)

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