Monday, July 14, 2003

IIJI - long ended up reversing to short in this late afternoon plunge from 11.50 and to our target.
PCNTF - short through the target
XING long topped out at 13.79 -- so our short was set-up at 13.79 x 0.97 = 13.37 which is where we exited our long and hold a current short trade.
SOHU - big gap so couldn't catch the initial long at 41.35 that would have gone the 3% so we looke for a first trade short. The peak in the initial move was 43.20 x 0.97 = 41.90 or 41.87 with rounding -- the low so far on the short has been 41.60 x 1.03 = 42.85 or 42.88 with rounding so we know that is where we could potentially be reversing this short to long.
NTES - the swing low so far in our short is 39.70 x 1.03 = 40.89 rounded up to 41 becomes our reversal back to long on the breakthrough
OVTI - big gap early so jumped over our long entry area -- short set-up on the swing high of 39.30 x 0.97 = 38.12.
CHINA - didn't catch the long with the gap - but looking for a short now -- swing high 14.60 x 0.97 = 14.16 or 14.12 when rounding down to nearest 1/8th (down when going short)
NTES - couldn't catch the long due to the gap - but the short is now active as the swing high of 41.67 set-up the short entry at 40.37.
NWRE - currently long - the high in the move so far is 18.55 so the potential to reverse and go short is set at 18.55 x 0.97 = 18.00
XING - likewise did pullback and is now entered long
IIJI - pullback into the buy signal -- currently long and looking for the target at 11.87