lumber

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Spectre
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lumber

Post by Spectre »

lumber continues to trend down with the housing debacle and the slowing economy.

Spectre
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Post by Spectre »

lumber seems to be turning as summer building season approaches.

http://futures.tradingcharts.com/chart/LU/W

Spectre
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Post 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.

Chris67
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Post 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 !!

Turbowagon
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Post 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.

Turbowagon
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Post 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

Spectre
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Post by Spectre »

progression
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