Thursday, August 14, 2003

SOHU traded down to our short profit target so now looking for a potential second trade long off the lows.
IACI reached our long target at 36.12 so now looking for any potential second trade as a short off the swing highs using the usual formula.
CEPH saw a quick spike to the long with a high so far of 43.85 x 0.97 = 42.53 so round down to 42.50 and a break of that will call for a reversal to short.
SOHU also triggered to the short side.
SINA now short with a target of 29.40 x 0.97 = 28.52 and round up to nearest 1/8th for a short target or 28.63
NTES hitting some new lows on the day and we're short -- looking for a target of 43.50
IACI long with a high so far of 35.75 x 0.97 = 34.67 rounded down to the nearest 1/8th for a short reversal of 34.62.
HITK went short on our first trade that hit 25.58 x 1.03 = 26.35 so round up to 26.38 which is the long reversal and that's where we are at this time.
NTES currently short with a low so far of 44.15 x 1.03 = 45.47 so 45.50 becomes the long reversal (break of)
MRVL spiked down quickly to our short area then reversed - the low was 34.86 x 1.03 = 35.91 so round up to 36.00 nearest 1/8th higher and therefore the break of 36 becomes the long reversal.
IACI currently long