Be Prepared for a wild ride in Caterpillar US Stocks outlook Add comments Apr 262012 Read Ramki’s ELliott Wave Analysis of Caterpillar at MarketWatch posted today 26 April 2012 Tweet Share this:FacebookGoogleEmailStumbleUponRedditTumblrPocketPinterestLinkedInPrint 6 Responses to “Be Prepared for a wild ride in Caterpillar” Jayant Khandhar says: April 26, 2012 at 7:25 am BHP went down to $68. Then bounced back to almost $74. Are you still predicting of $55 target? Reply Ramki says: April 27, 2012 at 3:44 am Hello Jayant, To be successful using EWP, we should avoid using terms such as predict! We are anticpating is a much better word! Semantics aside, the C wave should be a lot quicker than what we are seeing now. Hence, it is likley that we will see a moderate recovery. If that recovery is slow, then there is all the more reason we should see BHP come off later on. Remember one thing. Either we will go up now as a 3rd wave, and you know how 3rd waves should look like, or we complete a complex X wave and then come off. You can gain confidence by looking at the personality of any upmove going forward. Use the guidelines suggested in FWTFF book to figure out possible end points for the X wave. Good luck. Reply Karuna Kanagaratnam says: May 4, 2012 at 9:21 am Ramki, CAT’s bouced off the $98 mark and BAC is at the $7.75. So far you are right on. I am looking ahead with anticipation. Thanks, Karuna Reply Ramki says: May 6, 2012 at 1:19 am Hi Karuna, Fasten your seat belts! Reply Pooja says: April 29, 2013 at 11:26 pm Hi Mr Ramki can you please post an update on CAT. Also any update on when your next book is coming. Thanks. Reply Ramki Ramakrishnan says: May 3, 2013 at 10:26 am Pooja, In my book FWTFF, I discussed the concept of reflex point. This comes at 87.25 or so. If you see a 5 wave move that exceeds this point, perhaps you can buy on a 50 to 62% retracement. About my second book, I really dont know. Thank you for your enthusiasm about it. Keeps me also interested in the idea! Reply Leave a Reply Cancel reply Name (required) E-mail (required) URI Your Comment Notify me of follow-up comments by email. Notify me of new posts by email.