Thursday, September 25, 2003

SLAB long from 50.10 swing high of 51.03 x 0.97 = 49.49 round down to 49.37 for a short reversal. SINA through the profit target on the long on the second trade so we end there with two trades to the full target on SINA today. SOHU long through the profit target and also has two trades to full target so we end it there for the day on the stock. TRMS went short on the reversal swing low of 27.20 x 1.03 = 28.02 round up to 28.13 for a long reversal. USNA short through the profit target the low was 49.20 x 1.03 = 50.68 round up to 50.75 and that's where we went long and through the target. Now done on USNA with three trades so we stop there, also 2 to full target as well.
APPX to our short target - swing low of 35.60 x 1.03 = 36.67 round up to 36.75 which is where we are long from now on the second trade - swing high of 37.45 x 0.97 = 36.32 round down to 36.25 for a short reversal which would be a third and final trade. BSTE long from 32 at this time. HEPH went long on the break of 29 on the third trade swing high of 29.53 x 0.97 = 28.64 round down to 28.62 to exit. JCOM flat. RIMM remains long.
SLAB flat. SINA short to target - now looking for second trade long off swing lows currently 37.55 x 1.03 = 38.68 so round up to 38.75. SOHU through the short profit target and looking for a second trade long off swing lows as well. Low 35.20 x 1.03 = 36.25. TRMS long early swing high of 28.69 x 0.97 = 27.82 so round down to 27.75 to reverse to short. USNA long initially swing high of 54.78 x 0.97 = 53.13 so 53.12 was short reversal which is where we are now.
APPX currently short target 36.85 x 0.97 = 35.74 so adjust to 35.75. BSTE short swing low of 31.07 x 1.03 = 32 so the break of 32 to reverse. HEPH went long initially from 30.38 swing high of 30.92 x 0.97 = 30.04 so round down to nearest 1/8th or the break of 30 to reverse to short which is complete to target and now looking for a long for a 3rd and final trade. JCOM flat. RIMM long from 35.59 on pullback into our limit after first 10 minutes swing high of 35.75 x 0.97 = 34.67 so round down to 34.62 for short reversal.