Saturday, October 13, 2007

LPX Analysis for 10.13.2007

LOUISIANNA PACIFIC CORP

Monthly chart shows early support off prior support and 89sma support of $16.50 area.

Weekly chart shows early buyers stepping back into stock. Possible 5 waves down into the $16.38 low.

Daily chart shows early buying Thursday and Friday of last week. Look for the low to hold and for price to move up to $20 and higher.

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