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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (42688)	8/10/2002 12:19:36 PM
From: Joe Stocks	Read Replies (2) of 53068

PCL- Larry, Here is the lumber chart. quotes.ino.com I would be careful here. I think the market is telling us that homebuilding is topping out. PCL did that well at the best of times. The above chart shows lumber pricing is weak. stockcharts.com[m,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G The forest and paper products chart doesn't look much better. Looking at the 3 year chart in light of the two charts above, I think it is very possible that we could see a break of the rising trend line versus a bounce off of it. A bear market would also add to the chances of that break. But Joe, could you say the same thing for those utilities that you are salivating over?? Look at the three year chart for UTY I think that much of the damage has already been done to those folks. Wait for the $fpp chart to look like the $UTY chart before these companies look ugly enough to buy as i think it is just a matter of several months when they will. stockcharts.com[m,a]waclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G Joe

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