Monday, September 22, 2003

RIMM short. SLAB did go short on the pull-up to our entry. The low was 50.29 x 1.03 = 51.79 so round up to 51.88 for a long reversal. SINA through the long target - watch for third and final trade short off swing highs. SOHU through the long profit target. High in move was 42.35 x 0.97 = 41.07 so a break of 41 is the short trigger. TRMS flat will look for longs off swing lows.
APPX long swing high 38.60 x 0.97 = 37.44 so round down to 37.37 for a short reversal. HITK long high to 27.43 x 0.97 = 26.60 so round down to 26.50 for short reversal. IDXC long. JCOM to long target. So can look for a short trade off the swing high - so far that is 44.19 x 0.97 = 42.86 rounds down to 42.75
RIMM short with a low of 33.09 x 1.03 = 34.08 so round up to 34.13 as a potential long reversal. SLAB can still take short if it climbs back to our short limit area since the short has not hit its theoretical 3% target area yet. SINA did go short with a low of 39.40 after the first 10 minutes x 1.03 = 40.58 so round up to 40.63 for our long which is where we are now. SOHU did go short as it pulled back to our limit order with a swing low of 39.00 x 1.03 =40.17 so round up to 40.25 which is where we are long from. TRMS short to profit target -- looking for the swing low to calculate our potential long from -- currently that is 28.75 x 1.03 = 29.61 so 29.63
APPX long. FWHT flat. HITK short on pull-up into our short at 26.62 - low after first 10 minutes 26.35 x 1.03 = 27.14 so round up to 27.25 for long reversal which triggered. IDX short swing low of 24.35 x 1.03 = 25.08 so round up to nearest 1/8th and 25.13 becomes long reversal. JCOM initially short with swing low 41.51 x 1.03 = 42.75 which is where we reversed to long and currently hold.