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61

4420

4335

THt,

4258 4165 4

3995 3910 3625 3740

stop

STOCSI

D=8519

Figure 33 0518. Prices continue to move down. Just to be safe, I move my stop to 3851, above the high of the day. I think to myself. "A correction must be due soon. Now that Im in the money, Im going to play it tight." The weekly oscillator is still pointing down. 0519, prices plunge again. This is really great! And look at that close, right near the low. I move my stop above the high at 3810.



Trading By Tlie Boole - Part IV

4420

4327

4235 4142 4050 3957 3B65

3772 3680

.<-stop

STbCS 3 i

XK= 9yJ)= 9 D0522 0=3728

H=3750 L=37B9 C=3?39

Figure 34 0522. Prices gap down once again. This is the kind of trade that warms my heart, and fattens my bank account, too. I know that there has to be a correction soon, t move my stop to just above the previous days close at 3776. That gap might be filled, especially since prices closed near the high, and the daily oscillator is more than oversold. The line of descent is very steep now, almost vertical.



4428

4327

4235 4142 4859 395? 3B65

3772 3688

DP better buy

stop

5l6c"5""3"i

xK= 21 21 5=0524 0=3740

[!=3755 L=3737 C=3?48

Figure 35 0523. Sure enough, the gap is filled. The high, at 3775, just misses my stop at 3776. Gold closes near its low of the day. I feel sure that a correction, probably a sideways congestion, is overdue. I decide that tomorrow Ill get out. I leave my stop at 3776, and place a buy order at todays close 3743 or better, order cancels order. Maybe I can pick up a few extra bucks. The weekly oscillator is beginning to go flat.

The next day, 0524, prices open at 3740, and sometime during the day my order at 3743 or better is filled. So Im out of the market with a nice profit.



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