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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 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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