$CAT action today As mentioned I'm watching for a
Post# of 474
Posted On: 10/10/2012 10:36:05 AM
$CAT action today
As mentioned I'm watching for a CAT overnight short entry. It opened below 84 today and sold just a hair above 83 bucks. I caught 2 day trades, one at 83.50 on the opening candle which I closed at break even, and another at 83.11 that I held for 21 cents. It continues to bounce off the lows and could finish the day in the vicinity of 84 bucks.
What we would watch for next is a retrace bounce in the vicinity of yesterday's lows for a short entry. This gives us a good stop out should it keep going higher. I'd really like to get 85 as my entry for an overnight hold.
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