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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Sunday, 21 November 2010

Lumber

I posted a long term chart with a bearish triangle on 12th November and it is looking valid as we have gapped down from the resistance area this week

 

 
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2 comments:

  1. Unknown22 November 2010 at 10:25

    This is an interesting analysis. Do you think the gap will be filled soon? Also, do you think the lower resistance line on your previous lumber chart is still valid?

    ReplyDelete
  2. Chartrambler22 November 2010 at 13:10

    I think it is still valid,my guess is we do not fill the gap.I see quite good support at 225 area however.

    ReplyDelete

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