Wednesday, August 20, 2003

SOHU reversed to long at 30.75 and also through the long target on that reversal -- same as SINA would now be looking only short for a final trade.
SINA did reverse to long at 31.63 and through the profit target -- like NTES can now look for a third and final trade short sould it develop.
NTES did reverse to long at 48.50 x 1.03 = 49.95 so round down for a long target to 49.87 and that has been hit. So, second trade finished now can look for one more today short -- the current swing high of 49.93 x 0.97 = 48.43 so 48.37 would be the current level.
MSTR now long from 40.60 x 1.03 = 41.81 so 41.75 is our target.
MRVL long at the moment with a swing high of 39.70 x 0.97 = 38.50 so a break of 38.50 would reverse it.
BRKS now long
SINA like NTES with that big gap then recovery did take the short at our limit of 30.90 with a low after the first 10 minutes of 30.63 x 1.03 = 31.55 which means we did reverse to long at 31.63
OTEX currently short.
NTES short from 47.35 on the pullup to that level after the first 10 minutes -- we ignore first 10 minutes trading and after that the stock had not gone enough for full target on a short so traded the pull-up. The low was 47.01 x 1.03 = 48.42 so a break of 48.50 would be a long reversal.
CVTX currently long with a high of 25.97 x 0.97 = 25.19 so round down to nearest 1/8th for short and 25.12 becomes short reversal.