Monday, September 15, 2003

RIMM flat. SLAB long. SINA flat looking for a short signal. SOHU also looking for a short signal. TRMS did go long from 33.13 reaching the 2% target for those using that exit strategy -- the swing high of 33.80 x 0.97 = 32.78 so round down to 32.75 for a short reversal.
HITK reversed to short -- the short on the plunge through the profit target. Swing low was 25.95 x 1.03 = 26.72 so round-up to nearest 1/8th which gave us the long from 26.75 as the third and final trade for HITK today which is what is currently trading. JCOM short. MSTR long. NANO short. NTES flat.
RIMM flat. SLAB long reached swing high of 50.05 x 0.97 = 48.54 so 48.50 break of becomes short reversal. SINA missed the long on early move. Now would be looking for a first trade short off swing highs. SOHU set new swing high on the day so we'd recalc. our potential short entry usuing usual formula. TRMS same story except looking for a long opportunity as new low of 32.10 x 1.03 = 33.06 rounded up to 33.13 for a potential long trade there.
HITK currently long as before. JCOM low on the short since entry has been 41.10 x 1.03 = 42.33 so 42.38 becomes the long reversal. MSTR long. NANO on the long reached a high of 13.38 x 0.97 = 12.97 so 12.87 became short reversal and the final trade. NTES flat.
RIMM flat. SLAB currently long. SINA so far have not caught the long at 38.15. SOHU gapped through the long target and reached the theoretical objective so we'll be looking for a short as first trade - swing high of 38.39 x 0.97 = 37.23 so round down to 37.12 for a short trigger at this time. TRMS large gap lower so no catch on the initial short -- looking therefore for a long off the swing lows so far of 33.80 x 1.03 = 34.81 which is 34.88
HITK - long on the pullback into 31.60 - did reach 2% target for those working that exit strategy. High in move 32.45 x 0.97 = 31.47 so round down to nearest 1/8th which puts short reversal at 31.37. JCOM short on the pull-up back into our short limit entry of 41.65. MSTR currently long with a high of 47.69 (we ignore data in first 10 minutes) x 0.97 = 46.25 which is our short reversal. NANO short reached the target quickly -- the swing low was 12.71 x 1.03 = 13.09 so 13.13 was second trade long set-up which is current position. NTES waiting to see if our long pulls back into our entry.