Invisible Lumber Wreaking Havoc

1,042 views

Updating an ongoing series of posts on lumber and the housing complex, we are seeing more rejection away from what is now a clear area of resistance dating back to late last year, for Random Length Lumber futures. Homebuilders are bear-flagging all over the place. If the bears cannot capitalize on this setup, you have to be willing to change your bias in a New York minute.

(Chart via CME)

______________________________

cbotcis

3 Responses to “Invisible Lumber Wreaking Havoc”

  1. Very funny..I will certainly have to share that clip.

  2. [...] Invisible Lumber Wreaking Havoc A Calculated Response Stock #Market Recap 02/25/13 [...]

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Previous Posts by chessNwine

Invisible Lumber Wreaking Havoc

1,042 views

Updating an ongoing series of posts on lumber and the housing complex, we are seeing more rejection away from what is now a clear area of resistance dating back to late last year, for Random Length Lumber futures. Homebuilders are bear-flagging all over the place. If the bears cannot capitalize on this setup, you have to be willing to change your bias in a New York minute.

(Chart via CME)

______________________________

cbotcis

3 Responses to “Invisible Lumber Wreaking Havoc”

  1. Very funny..I will certainly have to share that clip.

  2. [...] Invisible Lumber Wreaking Havoc A Calculated Response Stock #Market Recap 02/25/13 [...]

Comments are closed.