Thursday, July 17, 2003

SOHU - in the first trade long off the low of 35.80 x 1.03 = 36.87 so currently long -- watching for a potential short/reversal
SINA - current low is 24.15 x 1.03 = 24.87 so that becomes the current long which just started trading
NTES - dropped through the profit target -- currently now looking for a potential second trade long -- current swing low is 33.90 x 1.03 = 34.92 so a break of 35.00 would be the long.
SINA - still looking for a potential long but the low in the move has changed - right now it is 24.86 x 1.03 = 25.61 and 25.63 with the rounding.
PCNTF - short through the target so now looking for a potential long -- current swing low 10.00 x 1.03 = 10.30 or 10.38 with the round up to the nearest 1/8th -- of course fi the low of 10.00 changes then you refigure
OVTI did reverse as indicated below and is through the profit target - second trade of the day there so can be looking for one final trade - this one a long -- wait on a clearer swing low to calculate the potential long.
HITK - gapped and couldn't catch the early short - so now looking for a long -- swing low of 29 x 1.03 = 29.87 which is the current long.
BRCM - through the short target. The current swing low is 25.52 so a potential long off that low is 25.52 x 1.03 = 26.28 and rounded up to 26.38 to the nearest 1/8th higher
SOHU - same as SINA - - calculate the long trade in the same way
SINA - big gap lower and through the theoretical 3% target on the short (no trade for us) so now we look for a long off the current swing low of 25.75 x 1.03 = 26.52 with rounding up to nearest 1/8th or 26.63
XING - short hit the target at 10.38. So looking for a long off the swing low of 10.34 x 1.03 = 10.65 which is 10.75 with rounding up to nearest 1/8th.
OVTI - went long at 39.80 -- peak 40.26 x 0.97 = 39.05 so the break of 39.00 becomes short reversal.
NTES - traded up to our short limit at 37.40 so currently short. 36.70 x1.03 = 37.80 rounded to 37.88 becomes the current long reversal.
IIJI - same as CHINA - large gap would have made the 3% short target but we're not onboard so now we look for a long -- and base that on the swing low after the first 10 minutes so 8.45 x 1.03 = 8.70 rounded to 8.75
CHINA - gapped well below the intended short at 12.85 and would have been through the 3% short target so now we look for a long -- swing low of 11.30 x 1.03 = 11.63
BRCM - currently short -- waiting on a clearer swing low to figure the stop and reversal -- watch for target as well. 26.45 x 0.97 = 25.66 which is 25.75 with our rounding