Revenge of the Turtles, from Rocky Humbert
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.