$LUMBER---or as the loggers say...TIMBER-R-R-R

Here is the PnF chart for lumber. A new sell signal.
You can see this is a failed triple top breakout. If you look back to the left at $282.49-$285.32 you'll see that was a support level in 2010. Then in 2011 early 2012, the price stalled at this $280.00 level on 4 previous occasions. We recently broke above but it is now a failed breakout.

When a tree fails(falls) in the forest, does anybody care?

Good Trading,

Greg Schnell, CMT.