Thursday, July 10, 2003

NWRE - hit our profit target on the short. Looking to go long from the swing low of 17.87 x 1.03 = 18.41 or 18.50+ with the rounding.
AFFX - got a long set-up from 21.87 going right now. Watch for the potential short/reversal into the third trade.
SOHU - went long earlier in the day, reversed that trade at 40.62 - the short worked well to target -- now looking for the potential final trade of the day long.
XING - triggered our short and through our profit target. Now long from the 13.00 area.
NWRE - currently in a short trade. The low at this moment is 18.12 which would put the long reversal at 18.12 x 1.03 = 18.66 or 18.75 with our rounding.
IIJI - the long didn't go far in our favor but did take the short reversal at 12.25 and that has hit our target. Now looking for the potential 3rd and final trade which would be a long
CHINA - done for the day there as our long and now the short hit full targets.
BRKS - have been long with a high of 15.95 -- putting our potential short reversal at 15.37-15.38 on the break of that area.
AFFX - through the 3% target area on the short. Now looking at the potential for a long -- base that off the low
SINA - hit our profit target on the long. The short set-up off the high of 29.23 x 0.97 = 28.35 or 28.25 is in play now.
NTES - hit the 3% target on the short - setting up a long trade now off the low of 39.25 x 1.03 = 40.43 or 40.50
CHINA - hit the long target as discussed previously. Now short off the high of 14.30 which gave us a short set-up at 13.87 -- be sure you are calculating a potential third trade as a long reversal right now based on the swing low in this short trade.
AFFX - did reach the 2% target but not the 3% yet on the short. Long reversal set-up off the low of 21.93 x 1.03 = 22.58 and with the rounding 22.63
AFFX - started short BRCM - waiting to see if it will retrace to our short area - been close BRKS - currently long CHINA - hit our long target - looking for a short now IIJI - waiting on a first trade NWRE - waiting NTES - now short OVTI - gapped through the short area so looking for a long instead since short hit target area XING - waiting on a trade SINA - long SOHU - long