Wednesday, July 09, 2003

SOHU - you should see the swing high of 39.93 and if we were to short off of that it would be at 38.62
XING is done for the day with that third trade long easily reaching our target.
OVTI - long from 38.65 -- short reversal off the swing high of 39.19 x 0.97 = 38.01 or 38.00 at this time. Target up at 39.75 so work to do in either direction for a target or a reversal.
SOHU - now through the profit target. The potential short we'll wait and see as we're getting new highs now.
XING - after going to 12.61 our new long reversal was 12.61 x 1.03 = 12.98 or 13.00 with the round to the next 1/8th -- so we have reversed the second trade short, and are now in the long looking for target. Third trade so this is the last for the day on XING.
NTES - looking for our target at 40.75
BRCM - update - swing low 28.34 so the new potential long reversal is 29.25
SOHU long from 37.35 - did get the 2% target so far. Swing high of 38.22 x 0.97 = 37.07 so 37.00 (break of) becomes the short/reversal.
SNDK - long from 47.35 -- only has reached 47.43 so 47.43 x 0.97 = 46.00 which the break of that becomes our short reversal.
XING - that short mentioned earlier has now triggered.
NTES - long from 39.60 -- the short reversal would be based on the current swing high of 39.78 x 0.97 = 38.58 or 38.50 when rounded down.
ICOS - long from 41.35. Swing high so far is 41.76 x 0.97 = 40.50 which becomes our short reversal area.
SINA - entered on the pullback after the first 10 minutes long at 25.80 -- target of 26.50 has been hit so now watching for a clearer swing high to be reached so we can start figuring where a second trade - a short - could develop.
XING - triggered the long at 12.55 and hit the profit target. So we now look for a short - current high on the day is 13.35 so the 13.35 x 0.97 = 12.94 or 12.88 becomes the area to watch for a break to short.
OVTI - like NTES just rallied through the buy trigger -- long at the moment.
NTES - traded in the middle of our entry ranges until recently triggered long at 39.60.
BRCM - currently short - swing low so far is 28.80 so long reversal is 28.80 x 1.03 = 29.75