Thursday, September 18, 2003

SLAB long with a swing high of 52.86 x 0.97 = 51.27 so round down to 51.25 for short reversal. SINA long through the profit target. Now looking for a short off swing highs. SOHU continues long swing high of 40.64 x 0.97 = 39.42 so round down to 39.37 for a potential short reversal. TRMS long. WEBX flat.
APPX short with a new swing low of 38.12 x 1.03 = 39.26 so round up to 39.38 for any potential long reversal. HITK short with a break of 28.00 our our potential long reversal. JCOM long. LEXR flat. RIMM flat.
SLAB flat. SINA long with a swing high of 40.17 x 0.97 = 38.96 so 38.87 short reversal. SOHU now long. TRMS swing low 29.57 x 1.03 = 30.45 which made 30.50 our long reversal which is where we are now. WEBX flat.
APPX remains short. HITK swing high of 28.30 x 0.97 = 27.45 so round down to 27.37 for a potential short. JCOM long. LEXR swing high of 19.90 x 0.97 = 19.30 which has 19.25 as our third and final trade on a reverse to short. RIMM flat.
SLAB flat. SINA long with a swing high of 39.70 x 0.97 = 38.50 so a break of that is short reversal. SOHU flat. TRMS short. WEBX flat.
APPX short. HITK missed the long due to stronger open/gap. So will look for a short as first trade off swing highs. JCOM currently long swing high of 44 x 0.97 = 42.68 so round down to nearest 1/8th or 42.62 for a short reversal. LEXR went short on pull-up after first 10 minutes - low was 19.01 x 1.03 = 19.58 so round up to nearest 1/8th or 19.63 which is where we reversed to long. RIMM gap and early move so missed long entry -- looking to short so far off a swing high of 34.89 x 0.97 = 33.84 so round down to 33.75