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55

- 82 / - D: 8223 0=4158

H=418? L-"4141 0=4165

Figure 15 On 0223, the weekly oscillator segment turns up briefly, but I skip trying to enter the market because the daily oscillator is overbought at 82%. Ill have to wait for a correction, and then try to enter long if the weekly oscillator remains pointing up. In the meantime, I trade in other markets.

Trading By Tlie Boole - Part iV

4598

4516 4442

4368 4295 4 414? 4873

hook

4868

 75 . : 58••• ......•................V 25 / -V-r \ J

D=B22?

Figure 16 On Friday, 0224, the market begins to make a correction, with an inside day. On Monday, 0227, it corrects further, and the daily oscillator moves out of the overbought area. The weekly oscillator again signals "go long." I place a buy order one tick above the high shown for 0227. Notice that if my order is filled, it gives me a small jump on a 1-2-3 formation and the Ross hook of two days ago.

4590

4516 4442 4368 4295 { 4221 414? 4073 4000

STOC 5"31

>:«= 18 /J)= 18

1)= 0=4125 H=4130 L=4il2 C=4120

Figure 17 The nnarieet continues to correct on 0228, 0301, and then again on 0302. The weel<!y oscillator has gone flat. At that point the market is deeply oversold again, and has made, of ail things, a Fibonacci correction.

On 0303, the correction is over. Prices gap upward and the daily oscillator turns, but the weekly oscillator is fiat so I cannot enter the market.

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