Kit
Agree 100% with your analysis and trading strategy for CNP, and, although I use a different set of short-term trading tools to yours, they are very similar:
- 2.5*ATR(21) bands instead of Bollinger
- Directional Movement (as a histogram) and ADX
- 5 minute candlestick chart
- lots of gut feel!
I wouldnt hold CNP overnight in a pink fit atm.
Keep making the calls as you see em and good luck.
-HBG