PCL, Plum Creek Lumber

PCL Feb 21 2014

We show Plum Creek again  (see blog of a year ago!) as the pattern is fairly common. There are dozens and dozens of stocks that have done exactly what P&G and this stock have done and that alone adds confidence to the call. We point out that there are no clear alternatives. There is already overlap and consequently it is highly unlikely that this could still develop into a 5th wave. If it does it would have to be a diagonal and looking at the shape to date that is almost impossible. Again, it is possible to click on the charts and then move them around for a better comparison.