Step 1: Get a piece of 3/4 ply or similar and mark a big x on it, making sure the lines are at absolute right angles.
Step 2: Using a dovetail cutter in your router, cut along the x
Step 3: Make 2 dovetail shaped "sliders" - little blocks of wood (or even better nylon) which will freely slide, but not waggle, in your slotted base.
Step 4: Make a bar out of 1/4 ply or similar (I used plastic fascia), and drill according to size of ellipse... see pics for detail
Step 5: Screw through the bar where predrilled into the blocks... make them firm, but so the bar can pivot.