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lumber
Posted: Fri Mar 23, 2007 7:22 pm
by Spectre
lumber continues to trend down with the housing debacle and the slowing economy.
Posted: Mon Apr 09, 2007 4:39 pm
by Spectre
lumber seems to be turning as summer building season approaches.
http://futures.tradingcharts.com/chart/LU/W
Posted: Tue Apr 17, 2007 2:28 pm
by Spectre
http://futures.tradingcharts.com/chart/LU/W
lumber turning.. driving through the neighborhood all the houses have 'sold' signs on. Not a picture for a devastating real estate crash.
Posted: Wed May 09, 2007 5:56 am
by Chris67
spectre
why dont you simply worry about the price action of lumber rather than a real estate crash or boom - it is quite feesible that there could be a real estate boom and lumber could drop 90% from here - markets go where markets go !!
Posted: Mon May 14, 2007 2:11 pm
by Turbowagon
I could see a Long LBN7 swing trade here with a buystop @ 24760 and a sell-stop @ 24060. I am not in it though. The less risky trade is to wait for a spot to short it on a retrace.
Posted: Fri May 18, 2007 3:54 pm
by Turbowagon
I would take profits in the above trade at the close today. That is,... if I had taken it in the first place.
Cheers,
Ed
Posted: Sun Jun 10, 2007 2:26 pm
by Spectre
progression