We’ve looked at CAT for bellwether clues but have never traded it. Let’s try something new, bottom-fishing near an 84.16 correction target (see inset) that looks quite compelling. Officially we’ll use camouflage, and I’ll try to signal the entry opportunity in the chat room if I’m at my desk when the screen alert I’ve set goes off. However, if you’d rather dispense with the fancy stuff, you can use a straight bid for 400 share @84.21, stop 84.03. If you want to be notified via e-mail in real time of a ‘buy’ signal, be sure to check ‘E-Mail Notifications’ on your My Account page. _______ UPDATE (March 31, 11:13 p.m. EDT): To finish the week, the usual bunch of ripoff artists opened CAT on a gap (see inset, a new chart) that turned out to have been a bull trap. The stock is still a buy, but camouflageurs will need to be especially careful, since buyers are likely to be smarting for a day or two as a result of having been whipsawed for an entire week.
