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64

4248

4166

>

4018

cancelled buy stop ->

3945

3871

3797

3723

3658

STOC 5 3

D=0?06

Figure 42 The weekly oscillator remains flat until 0705, at which point a sharp upmove causes it to turn up. I place a buy order just above the high of the day at 3996. On 0706, my order is not filled, and since the oscillator is now showing overbought, I cancel my buy order and decide to wait for a correction. The weekly oscillator is enough to keep me from trying any further just now.



4240 4166

4992 "1 4918

3945 3871

3797

3723

3659

hook

STOC 5"3"T

vl 80 /D= 89 D=67B7 0=3959

H=3932 L=3927 C=3938

Figure 43 On 0707, prices nnove down to about a third of the previous leg up. There have now been two lower highs in a row, the daily oscillator is beginning to turn down, and the weekly oscillator, although pointing up, is beginning to stair-step. ,i would-love to short this nriarket, but will wait until the yveekly oscillator turns, dowa. I notice that if prices do break tothe downside, they may takeout a previous Ross hook.



4248 4166 4892 4818 3945 3B71

3797 3723

3658

iiiiUal <-stop

•<-stop

•/K= 12 yJ= 12 D=8714 0=3859

H=3861 L=3?90 0=3808

Figure 44 On 0711, the weekly oscillator segment turns down. The daily oscillator is at 51 %. I place an order to sell at 3897. My sell order is filled at 0712. I place my stop at 3960, just above the high of 0710. Prices continue to move down on 0713 and 0714. I move my stop to 3862, which is above the high of that day. The daily oscillator shows oversold and the weekly oscillator segment is pointing down.



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