Wednesday, July 16, 2003

SFNT new low in the swing low was 32.20 -- 32.20 x 1.03 = 33.17 so rounded up to 33.25 becomes our area to potentiall take a second trade - this one long
IIJI - after our first trade short hit target the ultimate swing low was 9.12 x 1.03 = 9.39 --that's about the 1/8th at 9.38 or if you did round to 9.50 (a fairly large round on a low dollar stock) -- either way to target. So we're done with 2 trades to target at that point.
BRKS - currently short - targeting the 17.00 area for target
SOHU - through the profit target on the short - the low in this swing is 39.12 x 1.03 = 40.29 so will be looking to go long at 40.38
SINA - still short - notice new swing low of 28.02 x 1.03 = 28.86 and rounded to 28.88 for a potential reversal to long
SFNT - through the profit target on the short - current swing low 32.47 x 1.03 = 33.44 and rounded to a break of 33.50 to go long is the current second trade set-up
PCNTF - long triggered and reached our target so now looking for a second trade as a short.
OVTI - remains long at this time -- watch for new swing highs to calculate potential stop and reversal levels.
BRCM - hit our profit target - setting up a long off the swing low of 26.62 x 1.03 = 27.41 and rounded to 27.50 right now.
SOHU - currently short - long reveral off the swing low of 40.07 x 1.03 = 41.27 so rounded up to the nearest 1/8th or 41.38
IGEN - currently short - the swing low so far was 31.67 x 1.03 = 32.63 which becomes the long/reversal as of now
CHINA - to our target - now looking at a 2nd trade - long - current swing low is 13.04 x 1.03 = 13.43 so the long would be the break of 13.50
SINA - currently short -- calculate the potential long/reversal off of the low as usual
OVTI - a rare one going higher so far today - currently long - the potential short/reversal off the swing high of 39.92 x 0.97 = 38.72 or rounded down to nearest 1/8th of 38.62
NTES - currently short - targeting 37.25
IIJI - short - to target - potential long reversal 9.25 x 1.03 = 9.53 or rounded up to the nearest 1/8th so 9.63
CHINA - currently short - targeting 13.12-13.13
BRCM - currently short -- waiting on a clearer swing low to calculate potential stop and reverse -- target 26.63