Posted on August 27th, 2008 at 11:24 AM
Caterpillar Inc. (CAT) has been wandering sideways (similar to the S&P) for the last 2 weeks after hitting the first target (black horizontal line). With this lengthy sideways action I am implementing a time stop for this and calling the trade over. With the style of trading we use in Advanced GET there is an expectation of movement. If a trade is not moving the probability that the analysis will hold up diminishes. So if your in something and it has not gone where you expected its time to really tigthen up the stops or exit the trade completely. As this relates to CAT its a profitable trade of a couple points, not a home run but its profit!
