Tuesday, August 19, 2003

SOHU swing high of 31.90 x 0.97 = 30.94 so 30.87 is where we reversed the long to short.
SINA from the swing high of 32.40 x 0.97 = 31.42 we reversed to short at 31.37.
PLMD short from 44.40 with a low of 44 x 1.03 = 45.32 so 45.38 becomes the long reversal.
MRVL the long reversal has rallied through its profit target from 37.38 so currently flat and could look for a third and final trade short so far based on the high of 38.90 x 0.97 = 37.73 so 37.62 with the rounding.
CEPH did trigger long with a high of 45.67 x 0.97 = 44.29 so 44.25 becomes the short reversal.
CAI currently long having triggered recently.
BRKS low 21.68 x 1.03 = 22.33 so round up to 22.38 and that is where we are long from - third and final trade.
SOHU long on the pullback with a high of 31.90 (after the first 10 minutes) x 0.97 = 30.94 so rounded down to 30.87 becomes the short reversal.
SINA long on the pullback to our limit entry
SNDK currently long.
MRVL currently short with a swing low of 36.24 x 1.03 = 37.27 and rounded up to 37.38 would be the long reversal -- it has hit its 2% target area for those on that strategy.
BRKS did go long initially then had a quick reversal off the high of 23.22 x 0.97 = 22.52 so rounded down to 22.50 (nearest 1/8th lower) -- and that went to the target. Unusual move. We are now looking for a third and final trade long off the swing lows.