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62 4388 4292 42 , 4117 m...... 3942 3855...... 37&7 3688 -nil  STOC 5 3 1 64 •/]}- 64 -- 5 0=388? H=380? 1=3781 C=3789 Figure 36 The weekly oscillator segment stays flat until Friday, 0602, at which point it turns up. Since the daily oscillator is not yet overbought, I place an order to buy one contract at 3806. That would represent a breakout of the double high at 3805. The next day, 0605, Im filled, with my catastrophic reversing stop just below the low of the previous two days. Prices close below my entry price.
4248 4170 4100 4030 3898 <-cDncfe5iion  ST0C5"3*1 = 77 yJ)= 77 D=8607 0=3895 H--3922 L=3868 0=3889 Figure 37 0606. Prices soar upward on a large magnitude day. Naturally, the weekly oscillator is up. The daily oscillator moves into overbought territory. I really have to think about how I want to handle this situation. Where should I place my stop? This day wiped out a lot of shorts in the market, and Im sitting here with a fat profit. Almost certainly there will be a correction tomorrow. If I only knew how much???? i decide to place my stop just below the congestion that took place opposite todays close. Maybe prices will hold there. I place my stop at 3896, below the low of the day shown in Figure 30. On 0607, Im stopped out at the open at 3895.
 3945 3B71 3797 3723 36S8 {-bui  • 43 >J)= 43 D=0615 0--3725 H--3820 L=3?85 C=3788 Figure 38 The weekly oscillator segment stayed fiat until 0615, at which point it turned up. Looking back, 1 was thankful to be out of my previous long position with a profit. Two days after having gotten out, prices plummeted. Then they began a recovery, closing up four days in a row. This was enough to change the weekly oscillator so that it pointed up. Since the daily oscillator is not overbought on the fifteenth, I place a buy order above the high at 3821, and wait for developments.
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