Housing Bottom ?

Discussion in 'Economics' started by Wallace, Nov 7, 2007.

  1. thought I'd throw this Lumber chart up tho I can't fibo it so
    guestimating a price target between 192.58 and 180.40
    time target of May 08 for a bottom (which coincides with currencies) or July 08
    the 04 top a clear signal of the end of the housing construction boom -- lumber in NA being the major component of houses
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  2. ?.............a seasonal rally into February, then maybe a chance for a re-test of 200 and 180 between March & May if things look really bad. Home Depot and Menard's are bragging about "low" lumber prices in their sales flyers. Maybe they won't stay that way for long.