Goodmorning all, CBA has done as expected and run to the $39.60...

Goodmorning all,

CBA has done as expected and run to the $39.60 level....hitting a high of $39.80.The PUT warrants have followed accordingly. CBAWMP at 29.5/30.5 and CBAWZR 40.5/41.5 cents. These are now at the levels i expected and will look to buy into the PUTS for a quick trade IN and OUT over a 2 to 5 day period.

The ratio did as it always does and peek at 3 to 1 or 4 to 1 and then the weaker one ( sellers ) starts to get some units coming in. At 10.20am Buyers 852,450 and Sellers at 252,300 units. Sellers will come in and increase their presence....to the 370,000 or over 400,000 units by end of day...while the buyers will slightly drop off.

CBA has now hit resistance levels and as you can see the WINDOW DRESSING is continuing as the Financial yr ends today. I will personally look to buy in today in CBAWMP which is around the 30 cent mark.Expires end of September.

As CBA got to $39.80 several sellers came in to increase their numbers. As i mentioned last post to look for entry over the next 2 days, which means either today, or latest tomorrow.If it still goes up on a 3rd or 4th day then,( which means by Friday ) we just sit on the warrant, let it drop a couple of cents and wait.

Watch like a Hawk, then Pounce like a Lion.

Cheers,

MINOTAUR.