CAT up pre-market/ misses the street

[cashmoney69]

"Caterpillar 4th-Quarter Profit Climbs Just 4 Percent As High Costs Offset Strong Sales "

http://biz.yahoo.com/ap/070126/earns_caterpillar.html?.v=1

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up 1.35 in pre-market trading. Stock has penetraded downward trendline. It looks good now, but the bad news could push the stock down at mid day...I've been down that road before, haha. If it can hold up..i'll buy at 61.00

cm69

 

[cashmoney69]

daily chart for CAT. Fatrat, here's your singal

 

[ess1096]

The one year daily chart is ugly but you gotta love the 5 year weekly. Sitting right at that 5 year uptrend line. I grabbed some calls earlier this week and I'll be watching the five year trendline.

 

[cashmoney69]

Yea..long term look like crap, but the street has a positive outlook for 07. Descending triangle on the weekly..so I'd only buy into strength at 61.70 no less than that.