Suggested Adjustment Procedure for Oval Track

LF
 Rebound

 - Set Softer if the car is Pushing in the Middle of Turn
 - Set Firmer if the car is Loose on Exit.
Compression
 -Set Softer if the car is Pushing in the Middle of Turn. This will have a lesser affect than the Rebound setting.

RF
 Rebound

 -Set Softer if the car is Loose off the Exit or the Middle of the Turn
 -Set Firmer if the car is Pushing off the Exit or the Middle of the Turn

LR
 Rebound

 -Set Softer if the car is Loose in the Middle or Exit of the Turn. Will also affect Loose condition on Entry.
 -Set Firmer if the car is Pushing off the Exit. Will also affect Push Condition on Entry.

RR
 Rebound

 -Set Softer if there is a Push off Exit.
 -Set Firmer if the car is Loose off exit.

Compression
 -Set Softer if the car is Loose in the Exit or Middle of the Turn.
 -Set Firmer if there is a Push off the Exit or Middle of the Turn.

(All)
 Setting both Front shocks Firmer for Rebound will tighten the car up some. 
 Setting both Rear shocks Firmer will loosen the car up some.

Additional Tips
 Adjust only enough rebound into each shock absorber to eliminate the undesirable characteristic. Adjusting too much rebound may mask a handling problem of another sort.
Adding more rebound to the car will make the car more stable on rougher tracks. On Dirt cars, adding Rebound to the Right Rear will make the car more stable when it slides into the cushion.
Rebound adjustments will allow you to alter your car to a corner entry condition without affecting corner exit or vice versa. Rebound controls the sprung weight of the chassis or weight transfer while Compression damping affects the unsprung weight of the chassis or the tire contact to the racing surface.