For example, I bought 100 shares of XYZ for $5000 on June 1st, 2007,  on July 3rd, 2007, I sold the shares for $6000 (a gain of $1000)

Then, on July 10th, 2007, I repurchased 100 shares of XYZ for $5000.  On July 15th, 2007, I sold the shares for $4000( a loss of $1000). 

Is this considered a wash sale?  Is the $1000 loss disallowed?