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67 :K= 64 /J)= 64 D:0920 0=3665 N=3748 1=3664 C=37B6 Figure 51 I didnt have to wait long. On 0828, prices make a major correction all in one day, then close near the lows. The daily oscillator is oversold, and the weekly oscillator is flat and stays basically that way until 0915, at which point a blowoff day makes it turn up. I place a buy stop just above the high at 3701. 0920. My buy stop is hit and Im in this market again. My stop is 3658, below yesterdays low.
3957 3852 3888 3747 3695 3642 3598 initial sto Moved he»e D= 8925 0=3734 H=3758 L=3?25 C=3?46 Figure 52 The following day, 0921, is an inside day, but it closes near its high. 0922, prices move up but close near the low of the day. t move my stop up to below th( low of the inside day. 0925, prices move up again closing near the high. 1 move my stop up near the low of 0922, which is just about breakeven. The weekly oscillator is pointing up. The daily oscillator is just into the overbought area.
3905 3747 3695 3642 3598 out heie STOC 5 3 1 D:0927 Figure 53 0926. This is looking less and less like a real upmove. I move my stop up another notch to below yesterdays low, at 3729. On 0927, my stop is hit and Im out. i have a gain of 28 points on this trade. The daily oscillator has turned down, and the weekly oscillator has gone flat, i think that the market may now retrace, making a 1-2-3 low. If it does, the weekly oscillator will turn up and Ill have a chance to go long.
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