Wednesday, August 22, 2007

LUMBER - Might Be A Run To The Downside

Stopped out of the long position in Lumber today at break-even.

It appears it is a good thing we had the stop in as the price action looks as though it might try and test the lows in the low 230's. I even had a passing thought of going short in here.
I didn't however as it does not coincide with the commercial traders positions.


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