Tuesday, September 16, 2003

RIMM long. SLAB currently long with a swing high so far of 50.48 x 0.97 = 48.96 so 48.87 is short reversal. SINA long went to 40.44 x 0.97 = 39.23 so rounded down to 39.12 for short reversal. SOHU long with a swing high of 39.72 x 0.97 = 38.52 so 38.50 becomes short reversal. TRMS reversed to long at 33.25
APPX short through the profit target so will be looking for a second trade long off swing lows. HITK now flat. JCOM flat from the earlier long - will be watching for a short current swing high 44.30 x 0.97 = 42.97 so round down to 42.87. MSTR still long. NTES long for now - swing high in the move 61.80 x 0.97 = 59.94 rounded down to 59.87 for a short reversal.
Fed Reserve made their announcement - no change in rates and no real change in the tone of their statement. Not much of a surprise there at all for the markets -- just getting choppy now.
RIMM currently long with a swing high of 32.25 x 0.97 = 31.28 so round down to nearest 1/8th or 31.25 for short reversal. SLAB flat. SINA long on the pullback into 40.15. SOHU long on the pullback -- target 39.15 x 1.03 = 40.32 so round down to nearest 1/8th for a long target or 40.25. TRMS currently short.
APPX short with a long reveral on the break of 40.00 HITK short with swing low 25.13 x 1.03 = 25.88 as the long reversal that went to 26.30 x 0.97 = 25.51 so 25.50 was the short and final trade on HITK today. JCOM long and through the profit target. MSTR currently long. NTES long on the pullback.