Thursday, August 07, 2003

SNIC - the short didn't quite reach the 3% target and we reversed to long at 11.00 which has reached its target for the second trade there.
SOHU the same as SINA as we are out the short through target and now looking to see if a long will set-up.
SINA short through the profit target so now you should be calculating your long trade off the last low.
NTES - to a new swing low of 40.34 x 1.03 = 41.55 so rounded up to 41.63 becomes our long area and we are now long off that for our first trade.
CHINA - the second trade long ended up reversing to short and the third trade short through target so done with CHINA today.
ADRX - the long on the second trade through the profit target so now can look at a third and final trade - short - the swing high on the long move was 19.45 x 0.97 = 18.87
NTES - didn't catch the morning short due to the gap and would have hit target area so we now look for the next trade in the series a long from the low of 42.19 x 1.03 = 43.45 rounded up to the break of 43.50
CEPH - started short with a swing low of 45.06 x 1.03 = 46.41 so round up to the break of 46.50 for a long reversal.
ADRX - currently long targeting 18.75 x 1.03 = 19.31 and round down to nearest 1/8th for long targets or 19.25
SOHU currently short after a pull-up into our shorting price this morning.
RIMM long on our first trade just missed the full target but hit the 2% target -- swing high of 25.47 x 0.97 = 24.70 so short reversal when rounding down to nearest 1/8th for shorts is 24.62
CHINA short to target - bottomed at 9.50 x 1.03 = 9.79 and round up to 9.88 which is current trade 2 - long
ADRX started short and bottomed at 18.19 x 1.03 = 18.74 and round up to 18.75 which is where we are now long from on the reversal.