Chart 15 - An oscillator can be created by calculating the percentagedifference between the thicker line and the thinner line. Plotted belowprices it is also a trend indicator, showing a slowdown of the uptrend andindicating a trend reversal by the turn downs at A and B. Trend reversalscan be followed by a downtrend as at A, or consolidation as at B as theweekly cycle drops into a bottom before continuing higher. While cyclebottoms in consolidation can be bought, the safer trades occur when theEMA% Trend is moving up.