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60

4459 437? 4395

4168

4087 4015

3942

3879

STOC 5 3

U-- 43 7J)= 43 D:05i2 0=3941

H=3943 L=3897 C=3907

Figure 30 The weekly oscillator ended the week of 051 2 as flat as a pancake, due to the congestion area that developed subsequent to the previous gap breakout. The daily oscillator showed this as a correction by nnoving up out of the oversold area, prior to hooking and moving down again.



Trading By Tine Book - Part IV

4428

4347 j 4275

4262

4130

4 57

3985

3912

3840

hook II

<£ell

"5"3

/!--15 yJ)= 15 D--051& 0=3881

H=38S0 L=3875 C=3B89

Figure 31 On 0515, the weekly oscillator turns down again due to another down gap. I place a sell stop at 3867, below the low of the day. On 0516, Im not filled, but I leave my sell order in place. Im violating one of my rules by doing this because the daily oscillator is already oversold. But irn trying to be flexible and bend to the market flow. Heres my thinking: The gap day took out a previous Ross hook. It also constituted the breakout of a Ml-lll high. Although prices went up that day, they closed near the low of the day. If they break out of yesterdays low, they almost surely will continue down for a couple of more days.



4420

4342

4265 4187 4110

1?32 3955 3877 3B80

bt

Cstop

sibc"S3±""

>iK= 16 XD= 16 D= 0517 0=3878

H=3878 1=3833

C=3857

Figure 32 0517. Prices drop down and I get a fill. Inn not happy with the fact that theyve closed in the upper part of the daily trading range. Im not getting clear signals from this market. I place my stop just above the high that filled the gap. I think to myself, "You jerk, why didnt you stay with your rule?"



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