CPO 9th July 2009

As yesterday,
CPO short position established due to rules must follow strictly on system.
Cut loss place 2024, CPO hourly bar closing.

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

For CPO,
hourly shows consolidation.
after 2093 break, looking CPO would bottomed around 1930.

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

Strategy:
Short CPO with 10% of funds.

If CPO >2024, All short position closed. HOURLY CHART CLOSING.
If CPO >2100, Bear trend confirm 30% reverse but still wait for price to long.
If CPO >2181, Bear trend confrim 100% reverse but still wait for price to long.

IF CPO <1983, short signal continue. support at 1930.
If CPO <1925, short signal continue, support 1697.

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.