CPO 3rd Sep 2009

As yesterday,
all position were covered
overnight short covered at 2252, profit 113 points/ lot
intrada turn long @1152, cut loss at 1139, losses 13 point/lots

Results.
1 safe, 2 con,8 losses, 8 win.
Average +238points/lot.

Outlook,
CPO is possible to u-turn,
got a few possibility,
1st, just complete wave A, support at 2220 must not break to be true.
2nd, wave C undergoing, resistance 2235 must not break to be true.
it's highly possible that CPO would undergo sideways condition in the coming 1 month.

strategy,
stay out for awhile.
trading based on candlesticks.
if CPO >2220 on hourly closing, long,
if CPO <2220, short cut loss at 2253.