CPO 13th July 2009

As yesterday,
New CPO short position established. (after cut loss on previous days)
cut loss remain at 2060

Result:
0 safe, 0 con, 1 loss, 2 win.

For CPO,
CPO bear trend continue.
Trend still yet to confirm is bullish but confident bear trend is near tail end.

Outlook:
Bearish. But tail end
Possible of turning bullish. Wait for signal.

Strategy:
Short CPO with 10% of funds.

If CPO >2060, short position cleared. Cut loss ( order placed in advance, not hourly closing)
If CPO <2006, mild short signal appear, short, cut loss 2050, on hourly chart closing or 2060 stop order in advance.
If CPO <1983, bear trend continued. short signal appeared. short. cut loss at 2060.

CPO now is almost tail-end for this bear trend.
Advice only go in for 10% fund.
Wait for large trend to come.

Best of trading days.