Monday, September 08, 2003

MSTR watching for a short to develop. NTES long. PLMD flat. SINA flat. SOHU flat.
ESPD continues long. FWHT no change. TRDO no change. JCOM rallied through our profit target so flat now. Second trade looking for is short -- current swing high 38.25 (though can change) x 0.97 = 37.10 so round down to a break of 37.00 for a short. MACR nearing a short.
MSTR long and through the profit target. Swing high 48.91 x 0.97 = 47.44 so 47.37 would be the current short trade for a second trade on the day. NTES flat. PLMD flat. SINA flat. SOHU flat.
ESPD now long. FWHT long to target - waiting on short. TRDO long with a swing high of 22.29 x 0.97 = 21.62 is our short reversal. JCOM remains long -- swing high 37.50 x 0.97 = 36.37 becomes short reversal. MACR flat.
MSTR long. NTES flat. PLMD flat. SINA flat. SOHU flat.
ESPD flat. FWHT went long from 26.35 and that hit profit target. Swing high of 27.28 x 0.97 = 26.46 so round down (for a short) to the nearest 1/8th or 26.37 which would be our potential second trade for now. TRDO currently long. JCOM long on the pullback to 36.65 with a swing high of 36.90 (remember we ignore first 10 minutes of data) x 0.97 = 35.79 so 35.75 is current short reversal. MACR flat.