Tuesday, July 29, 2003

SINA - strong early move so couldn't capture the long -- looking to short off the swing high of 38.25 x 0.97 = 37.10 so the break of 37.00 became the short and that did trigger which is where we are now.
HITK - new swing high so you'll need to recalc. your potential short trade
CHINA - missed the long intially due to the gap and early strength so looking for a short for the first trade -- current swing high is 13.32 x 0.97 = 12.92 so 12.87 becomes the short entry.
ZRAN - short from 26.15 did get the 2% target but was just shy of the 3%. The swing low of 25.50 x 1.03 = 26.27 so the long reversal set at 26.38
NTES - big gap so no chance to capture our long trade. The swing high has been 51.94 x 0.97 = 50.38 which is where we did go short with a low so far of 49.68 x 1.03 = 51.17 which puts the long reversal at 51.25
CELG - short -- hit a low of 35.00 x 1.03 = 36.05 and rounded up to 36.13 for the long reversal.
AVID - currently long from our buy set-up.
SOHU - currently long from our trigger as the stock did pullback to our price before reaching a target area so now onboard the long.
PCNTF - same as HITK -- strong early and to a target area on a missed long so we look to short off the swing high of 11.25 x 0.97 = 10.91 and rounded down to 10.87 which was triggered and to target. Second trade set-up long off the swing low of 10.40 x 1.03 = 10.71 and rounds up to 10.75 which is where we'll look to buy.
HITK - with the gap and initial strength we missed the long entry since the target area was reached -- so now looking for a short off the current swing high of 28.00 x 0.97 = 27.16 and rounded down to 27.12