I switched from WBC to ANZ yesterday, as I saw ANZ got pushed over the previous high, (a typcial short burning practise that the big boys do) ANZ high was 25.25, she went over it to 25.45, so I closed WBC yesterday and switched to ANZ instead. ANZ had it's turn yesterday, and today is WBC, I added more shorts on ANZ this morning and now looking good, as now ANZ is going to form a "shooting star" candle on the daily chart.
I "feel" that WBC is being pushed up as well to burn shorts. I personally feel that WBC is a better choice for shorting over NAB. And I just added shorts on WBC as well, I think WBC will now use the $27.00 as the support, previously resistance now could be a support, I think she will go back there to test it. So me shorting WBC at 27.85, I think there is 85c short term profit there. If it does work, then I will be breaking even and then some on my WBC "short" trade.
Again, no financial advice given, I am still sitting on a small loss on my shorts position, so don't follow me.
