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106

10128

9913

9416 9201

8918

8783

.-Tl

SI0C5 3 1

XK= ae /])-- 88 D:B6B2 0=9316

H=94ie L=9238 0=9463

Figure 38 0602. Bond prices moved sharply up and I was out with a ten point profit. Since the close was strong, I figured there might be follow through, and since the daily oscillator was barely overbought, I piaced a buy stop at 9411, a contingency profit stop at 9421, and a protective stop just under the close at 9408.

I was filled at the open the next day, at a price of 94-30 and stopped out at 94-21, for a loss of nine points. Prices closed near their lows, so I didnt place another order for Bonds.

The daily oscillator was now definitely overbought, and I mumbled a few words to myself about not ever buying into overbought again. Yet the daily oscillator had been showing rising bottoms, and when that happens I usually ignore the daily oscillator to a certain extent.



iB128

9913

9416 9281 8918

STOC 5 3 1

86 xD= 86 D=0&97 0=9423

H=9512 L=9422 C=9589

Figure 39 0607. The daily Bond oscillator nnade another blip down and started up again, i decided to try again because this was a strongly rising market.

I placed a buy order at 95-13, a profit stop at 95-23, and a protective stop at 94-

! was filled the next day at the open at 95-13, and almost made my profit. Because prices closed near the high, I left everything in place.

The following day, 0609, I took my profits and ran. That looked like a blowoff to me and so I didnt place any more Bond orders. By now the daily oscillator was right about at the top of overbought, and it was not allowed to go much higher, was it? I waited for a correction.



:K= 55 7J)= 55 ]]« 0=6781

H=6701 L=6651 C=6672

Figure 40 0608. The weekly oscillator for Live Cattle was pointing up and the daily oscillator had corrected from overbought.

I tried to buy a breakout of the high and was filled the next day with my stop below the low of 0608. When prices gapped the following day, I moved my stop to just below the close of the previous day.

The following day saw a small double top, and so I moved my stop to just below the low of that day, and was stopped out there for a 20 point profit.



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