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65

4240

4892 4918 3945 3871 3797 3723 3650

4i

previous }i<-stop

XK= 23 yJ)= 23 D=972B 0=3788

H=3B34 L=3779 C=3806

Figure 45 On 0717, there Is an inside day, but prices ciose right near the low of the day, so I sit tight on my stop. On 0718, the daily oscillator is beginning to turn up, but the weekly oscillator is still pointing down. 1 get antsy and move my stop to 3834, which is above the high of the day. On 0719, prices drop back down again, and so I leave my stop in place. On 0720, Im stopped out at 3834, the high of the day. The weekly oscillator is still pointing down. Ill try to sell on a correction if the weekly oscillator remains down.



xK= 58 yJ) 58 D=e?28 0=3815

H=3815 1=3748 C=3754

Prices enter a small congestion area, and on 0725 they reach overbought on the daily oscillator. The weekly oscillator is still pointing down. I place an order to sell the breakout of the low for the day at 3804. If prices do break out and take out the recent low, it will again be a breakout of a Ross hook. On 0726, prices breakout to the upside, but close at the level of the congestion. On 0728, prices shoot downward and I get a fill on my sell order. I place my stop above yesterdays high. I figure that prices should fail another day just on momentum, and will test support at or near the major nearby low.



4240

4166 li 4092 4B18 3945 3871 3797

if}

3723

d 32 32 D=8BBi 0=3784

H=3?91 [=3763 C=3?88

Figure 47 0731. There is an inside day. I move my stop to just above the high at 3790. That will give me a little better than breakeven if there is no further follow-through to the downside. On 0801, my stop is taken out. Im out of this market for the time being. The weekly oscillator has gone flat.



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