Inserted Shape Prints in Different Location on Sheet

[Dave]

I am using Excel 2007. I am trying to use the Oval shape to circle items
that have been changed in a worksheet. I go to the Shapes menu and click the
Oval. Then I draw it around the data that has changed. When I go to print
preview, the Oval is not in the location that I drew it. When I print it,
the Oval is in the location that shows up in print preview. If I go to View
--> Page Layout (from Normal View), the Oval is in the correct location.

What am I doing wrong and can this be fixed?

Thanks