Jun

17

It's quite rare that an important market both rises and declines 50% in a six-month period. It's even rarer for it to happen in a low-volatility, trend-following way. For a trend-follower, this is the sort of chart that pays for a thousand whipsaws.

I call this chart the "Revenge of the Turtles!"

(It's a screenshot of Lumber Futures.)

William Weaver writes:

I seem to remember someone saying lumber futures were not tradeable due to their illiquidity. Rocky, wasn't that you last February? A specific story about not using stop losses overnight as one would always be stopped out due to m@nipulation by the l_cals. 


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