Wednesday, August 13, 2003

MRVL now short.
CVTX did spike to the long entry -- hit a high of 23.89 x 0.97 = 23.17 so the short reversal becomes 23.12.
CEPH remains short -- new swing lows so be sure to recalc your potential long reversal.
SOHU to the profit target on the long so now looking for a second trade short - current swing high of 32.71 x 0.97 = 31.72 so round down to nearest 1/8th and 31.62 becomes potential shorting area.
NTES long off the pullback with a swing high of 46.06 x 0.97 = 44.67 and round down to the nearest 1/8th for a short so 44.62 becomes the short reversal.
IACI started our short.
CEPH - currently short with a swing low of 43.56 x 1.03 = 44.87 so right on the 1/8th with 44.88 becoming our long reversal.