CPO 29th July 2009

As yesterday,
no position established.

results:
1 safe, 0 con, 4 losses, 3 win.
my call sell signal at 2119, market only hit until 2123 low

outlook,
CPO in jeapordy.
my resistance levels at 2180. if break 2180, then 100% confirm reverse.
no long bear market.

as of yesterday, still not confirm bull market.

strategy,
if CPO above 2180, bullish, long, cut loss at previous hourly bar low - 10 points
if CPO above 2140, stay out. no short intention.
if CPO 2140 < x <2120, stay out.
if CPO below 2120, sell signal, short, cut loss at previous hourly bar high + 10 points.
if CPO below 2090, further sell signal confirmed. short, cut loss at previous hourly bar high + 10 points.