Tuesday, August 26, 2003

Very slow trading once again today -- there was decent movement around the economic reports this morning (Consumer Confidence & New Homes Sales) but since then total flatline.
SNDK low in the short so far of 56.76 x 1.03 = 58.46 and round up to 58.50 break of to reverse to long.
NTES did drop to our short level so currently short trade 2 in the sequence.
MRVL short from 39.90 - low so far is 39.50 x 1.03 = 40.68 so round up to 40.75 would be current long reversal.
BRKS now short.
VSEA currently short.
SNDK currently short.
NTAP currently short.
NTES long from 47.60 did reach our 2% target and just shy of our full target at 49 -- the short reversal off the high of 48.86 x 0.97 = 47.39 or 47.37 rounded down is set.
MSTR hit the desired target area on the short side off the gap and initial drop so we could not catch that one -- therefore, looking long for first trade currently off the low of 36.14 x 1.03 = 37.22 rounded up to the nearest 1/8th or 37.25
MRVL currently short from 39.90