Recent: Elliott Wave Technology. Automated Trading and Investment Strategies: CAT to Follow Crude to $40.00?

Elliott Wave Technology. Automated Trading and Investment Strategies:...

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Elliott Wave TechnologyElliott Wave Technology
Is it reasonable to assume that so goes Crude Oil, so goes Caterpillar? Perhaps it is, or perhaps not, but the price charts of these two economic giants do show a fair degree of correlation. 1/16/15
moneymiser21moneymiser21
I thought CAT had greater dependence on mining sector than oil. 1/17/15
Elliott Wave TechnologyElliott Wave Technology
Caterpillar has looked to capitalize on the rise of energy by shifting its strategic focus. Although Caterpillar still remains committed to the construction-equipment market, it has also identified the energy and transportation segment as a potential answer to its growth problems. As recently as just a few months ago, Caterpillar's focus on energy looked like a viable way for the equipment maker to temper the cyclical volatility of its construction- and mining-equipment businesses, with the company pointing to predictable expectations of massive growth in the sector during the next 30 years. read more here... http://www.fool.com/investing/general/2014/12/29/this-move- might-just-have-crushed-caterpillars-fut.aspx 1/17/15
moneymiser21moneymiser21
Thanks 1/18/15
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