Sometime ago, before this website, I showed charts of John Deere and Cummings Engines using them as a proxy for heavy equipment. All showed indicated that a 5-wave bull wave of many years was coming to an end and therefore a drop of at least 61% should be expected. More recently I suggested that Cat may trade back up to about $50. We fell short of that ($47,50) and now it looks like we are going to make a new low sometime in the not too distant future. Wave 5 down seems to be starting now! (a few weeks  ago)
