Wednesday, September 03, 2003

NTES flat. SLAB reversed from short to long at 44.88 which is current trade. SINA the short dropped through our profit target. The low was 32.91 x 1.03 = 33.90 so the break of 34 is our current long which has triggered. SOHU high of 36.30 x 0.97 = 35.21 so 35.12 was our second trade short which did trigger and through the profit target. That gives us two trades to full target on SOHU so we ended it there for the day on SOHU. UNTD remains long targeting 41.00
APPX - new swing high of 34.68 x 0.97 = 33.63 so 33.62 becomes the short. CHINA flat. JCOM second trade was a long from 36.25 that reversed to short for a third trade at 35.75 which is current open trade. LEXR close on a short. MSTR swing high of 47.05 x 0.97 = 45.63 so 45.62 became the short level which is the current open trade.
NTES flat. SLAB short from 43.90. SINA long on the pullback into 35.35 - swing high of 35.63 x 0.97 = 34.56 so 34.50 became our short reversal which is where we are now - short. SOHU long through the profit target -- now looking for a second trade short off swing high. UNTD long.
APPX - didn't take the long since it hit our theoretical target before the pulback. The swing high after first 10 minutes (we ignore first 10 minutes of data) was 34.25 x 0.97 = 33.22 round down to 33.12 which is where we'd short from. CHINA flat. JCOM through the target on the long without us onboard early due to gap and early run - first trade therefore we look for is short and that is off the swing high of 41.74 x 0.97 = 40.48 and round down to 40.37 which hit our profit target. Now looking for a new trade long off the swing low. LEXR flat. MSTR strong early so not going to catch the long -- will look for shorts to develop.