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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: ajtj99 who wrote (61457)5/31/2022 8:25:59 PM
From: Sun Tzu1 Recommendation

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ajtj99

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Depends on what timespan you look at.

For the entire 2020, coal averaged ~$82 and hit 69 in October of 2020. It is now ~500 and earlier almost hit 600. This has been an almost straight line of 9x gain (with 3 periods of above trend rise and then pullbacks). schrts.co

So coal has had a ~9x increase. Lumber went from $275 to 1733 or about a 6x increase.

On the other hand, before 2020, Lumber averaged ~430, so from pre-pandemic base to top it was a 4x increase. But coal was about where it is today (a little lower). So it is just getting back to level.

This is a very different picture than what post led me to believe. But stockcharts has very limited data on coal and I cannot tell if 2019 was an anomaly. Either way, it doesn't look like slam dunk short anymore.
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