That is the incorrect body position.
You will be stiffening up your upper body making handaling difficult.
You should be leaning compleatly off the bike, as if you were trying to look yourself in the mirror or look about 6 inches infront of the bike.
That's what I saw when watching some MCN video, but I found that by doing that the bike stayed upright.
I feel pretty loose in the current position, and I am able to take one hand off the controls, but I'll still keep working on it - maybe now that I am happy to lean on the tyre, I can focus on body position some more.
Scort.