Hi ChintukimI got back in Melbourne on the 28th of Oct. CNP will...

Hi Chintukim

I got back in Melbourne on the 28th of Oct. CNP will be in a trading range, as I believe the market will be going side way, djia 10,000 will be the resistance.

I myself will off load half at 34, and have a trailing stops ready from 34 on ward. 38c is my short term target.


Overall, CNP is still in this decending (bearish looking) tri...so, try and not to fall in love with her.

The most important thing for her now is to find support in the 32 range, and don't fall under the 25c, if she can say trade in the range of 30~34 for the next 3 weeks, let time do the work, let her to consolidate for the whole month of Nov, then we could go up again in Dec.

Short term, I don't see anything massive, so just trade the range.

Regards,

Selmax.