Invisible Lumber Wreaking Havoc

1,200 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.
Previous Posts by chessNwine