Tuesday, August 7, 2007

Lumber Update

While lumber seems to be quite sleepy in here, it has yet to violate any price level that I would be concerned about.

I remain fully committed on the long side with a very close stop to protect from any breakdown.

If I am correct on my analysis then lumber should have quite a sharp move to the upside and as long as there is not hard breakdown from these levels then all systems remain on go.

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