Yes, CBA has continued down ,low of $37.80 and the PUT warrant CBAWMP is at 39/39.5 cents up from 29/30 yesterday. The funds WINDOW DRESSED CBA upto $39.60 levels and now, it has it's nice pullback.As i mentioned this is a 2/3 day trade in and out and posters need to pay close attention to CBA movements and get ready for an exit point....lets not be too greedy.
Another interesting senario is ANZ, it is starting to form clusters the WMA from 1 to 90, as i have them set, are coming together (squeezing).When this occurs it is a sign of a major move about to happen.The same is occuring on a weekly chart as well.We look at daily and comfirm with weekly ones.
I will keep a close eye on this, to see which warrants to trade and when.
The AXJO is also forming clusters and needs to be followed closely for an entry point, as the clusters squeeze together, a major move will occur.
So we have ANZ, XJO, WBC also RIO are all forming cluster formations.Take a closer look and get ready for the moves.I will post a seperate post on this situation with more details, soon.
Cheers,
MINOTAUR.
CBA Price at posting:
$38.38 Sentiment: ST Sell Disclosure: Held
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