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57

4599

5"3"1"

xK= 80 XD= 89 D=83B9 0=4176

H=4206 L=4168 C=4192

Figure 21 0309. The weekly oscillator is still showing that a long position is favored, but the daily oscillatpr s overbought and is beginning to turn down. When I consider that prices have droprfied every other time the daily oscillator has previously beer overbought, I do not enter any orders.



4598

4368 4295

4221 4147

4873

4808

STOC 5 3

xH= 55 yJ)= 55 0=6323 0=4198

H=4204 L=4145 C=4162

Figure 22 The weekly oscillator remains flat from 0313 through 0323, indicative of the suspected congestion which followed.



4516 4442 4368 4295

414?

4B?3

Xl{= 38 /J)= 38 D=8327 0--414?

H=415B L=4125 C=4142

Figure 23 On 0327, the weekly oscillator turns down after 4 successively lower closes. I place an order to sell just below the low of the day at 4124. Because of the close near the high, Im not totally convinced that a true breakout is in the offing, so I bend the rule about stop placement, and place a tight reversing stop just above the high at 4151 as soon as the market closes.



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