Lumber revisited – again …
I know nothing about the harvesting techniques of wood/lumber.
The post below the two dashed lines is over a year old.
These targets were generated from harmonic pattern recognition.
Notice, there are NO oscillators, moving averages, bands or anything like that .. just PRICE and TIME.
They were all hit … sometimes they work, sometimes they don’t.
There is no “back tested” or “could of, would of, should of”
Patterns exist for only one reason … to let you know when your wrong.
What comes next? I don’t know, find a pattern …
CLIFF NOTES: below is a weekly continuous contract of the lumber futures. all the ratios come together at 241-242. this is a very nice one….stay tuned. might/could find support a little lower and then it’s off to the races in/around here but the larger pattern is very nice. appears bullish from a WOOD/CUT/Lumber Futures perspective.