Tuesday, July 15, 2003

CHINA - short target hit - the low in the swing was 13.56 x 1.03 = 13.97 or a break of 14.00 to go long.
SOHU - based on the new lower low the long calculation changed a bit to a break of $42.00
SOHU - started short from 42.20 and that has reached the profit target - with the swing low of 40.82 x 1.03 = 42.04 or 42.13 with rounding to the nearest 1/8th (up) as the current potential long though that calculation will change if we hit a new low
NTES - on the long reversal got as high as 40.44 so the reversal and final trade set-up as 40.44 x 0.97 = 39.22 or 39.12 with the rounding.
BRKS - initially went long - that hit a swing high of 18.50 x 0.97 = 17.94 so that makes the short set-up from 17.88 which is the current trade.
XING - to our short target. The long reversal was at 13.00 with the initial swing low of 12.54 x 1.03 = 12.92. That long got to 13.13 so far so the third (and final) trade would be a short so far off of that 13.13 level x 0.97 = 12.73 or 12.62 with the rounding down to the nearest 1/8th.
PCNTF - to our short target - now looking at a potential long off the current swing low of 9.90 x 1.03 = 10.19 or 10.25 with the rounding up to the nearest 1/8th
NTES - currently short - the long reversal set at 40.13 of the low of 38.89 x 1.03 = 40.06
IIJI - on the short through the 3% profit target. Setting up a potential long so far off the low of 10.65 x 1.03 = 10.97 or a break above 11.00 with the rounding.
CHINA - the short triggered - looking at a long reversal off the swing low so far of 14.10 x 1.03 = 14.52 which rounded up (when short to long) is 14.63