Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Wednesday, March 9, 2011
LUMBER Weekly Chart
LUMBER weekly chart shows a negative divergence spank down over the last month. Sure is something to see that after the housing bubble popped five years ago, here we are in 2011 with lumber showing negative divergence and wanting to move sideways to sideways down for the rest of 2011. 220 to 280 range should be on tap as we move into summer time. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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