CAT May 5

On Feb . 18 I opined that should drop to about $26 and then rise back to $47 or so. Similar comments were made with regard to and Canadian Western Bank, the one that finances all things yellow that smell of diesel. Here is the chart for .

CAT May 5

The analysis was fairly easy as the down-turn from 90 was entirely anticipated and the following 5-waves clear as a bell. The stock went a little deeper than expected hitting about $22. Anyway had you bought at the 26 level you would be ahead by about 14 or almost 50%. I would sell here, leaving some on the table for the next guy. not quite as spectacular but did almost do our usual 30% (11 to 14). DE went from a low of $25 to about $45 and should be exited as well. might still go a little further, no entry level was ever given, only timing, it too is up at least 30%.