Hey Debono,
Thanks mate.Yes a good trade and in the 2 to 5 day period i work on.
To answer your question....the CLUSTER formation can go either way. Look at the AXJO chart and see how around 26 to 28th May we got the cluster formation and the xjo broke away on an UP move. Also RIO on the 27th/28 May clustered and went UP.
Look at ANZ on May 6th/7th it formed clusters and went DOWN.On March the 9/10th ANZ clustered and went up.....and there are many more examples.
These examples are to show you that it can go either way.
Cheers,
Have a nice day and get ready for early next week.
cba put warrants time to short, page-23
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