CPO 20th Aug 2009

As yesterday,
rolled position to active month.
oct trade short 2500, covered 2406, profit 94 points.
nov short 2382. stop loss change to 2352.

Results.
1 safe, 1 con,7 losses, 5 win.
Average +91points/lot.

Outlook,
CPO seems possible to rebound but must not be above 2342 levels.
if above 2342, i'll stay out as i loss the wave count.

strategy,
if CPO >2342 on 5 min closing, cover short position, stay out.
if CPO < 2342on 5 min closing, try to get intraday short but cut loss at today high + 10 points.
prepare to take profit soon.