Wednesday, September 24, 2003

SLAB currently short. SINA short from 44.12 target of 44.12 x 0.97 = 42.79 round up to 42.88 for a short target. Swing low is 43.41 x 1.03 = 44.71 rounds up to 44.75 for a long reversal. SOHU currently short. USNA currently short looking for 27.88 target -- current swing low 28 x 1.03 = 28.84 so 28.88 is the long reversal. USNA currently short with a swing low of 53.70 x 1.03 = 55.31 so round up to 55.38 which is current long.
APPX adjusted potential new long off the low of 39.51 x 1.03 = 40.69 round up to 40.75. BSTE long with a high of 33.74 x 0.97 = 32.72 rounded down to 32.62 for a short reversal. HEPH did go short and through the profit target. The swing low was 28.01 x 1.03 = 28.85 rounded up to 28.88 and went long swing high of 29.46 (enough for 2% target) x 0.97 = 28.57 rounded down to 28.50 and that's where we reversed to short for a third and final trade which went to target and we're now done with HEPH on the day with 3 trades max. JCOM short with a swing low of 41.75 x 1.03 = 43.00 so a break of that would be long reversal. RIMM currently short swing low 34.72 x 1.03 = 35.76 round up to 35.88 for a long reversal.
SLAB flat. SINA long to our profit target at 45.37 so flat there -- looking for a short now off the swing highs usual calculation. SOHU long with a swing high of 42.50 x 0.97 = 41.22 so round down to 41.12 to reverse. TRMS short on the pullup back into 28.68 since original swing didn't make a full target -- the long reversal is set for the break above 29. USNA missed the initial long -- the swing high after first 10 minutes was 55.90 x 0.97 = 54.22 so 54.12 is the current short area.
APPX big gap at the opening so now long - the swing high after first 10 minutes was 43.69 x 0.97 = 42.37 so that became our first trade short and we hit our target at 41.13. Now looking for second trade long off the current swing low of 41.10 x 1.03 = 42.33 round up to 42.38. BSTE big gap lower so no short as that would have been through the intended short target with gap so first trade looking for long -- swing low of 32.10 x 1.03 = 33.06 round up to 33.13 to go long. HEPH flat. JCOM flat. RIMM flat.