Wednesday, October 01, 2003

APPX correction - actually started the day short with the 30.69 set-up low of 30.57 x 1.03 = 31.48 so 31.50 first reversal to long, that peaked at 32.20 x 0.97 = 31.23 so 31.12 was the final trade a short reversal. A couple of 2% moves in there but no 3%.
OVTI currently long swing high of 43.50 x 0.97 = 42.19 so round down to 43.12 for a short reversal. RIMM reversed to long. SLAB long. SINA flat. SOHU ong with a swing high of 32.73 x 0.97 = 31.74 so round down to 31.62 for a short reversal.
APPX reversed to short at 31.12 swing low 30.52 x 1.03 = 31.43 so round up to 31.50 for a long reversal (final trade potential). BSTE did reverse to short on the break of 38.00 HEPH went long at 20.25 high of 20.48 x 0.97 = 19.87 reversed to short and short throug the profit target. Third trade long off the swing low of 18.82 x 1.03 = 19.38 and that trade to full target as well -- three trades so done with HEPH today. JCOM short bottomed at 37.03 x 1.03 = 38.14 round up to 38.25 for a long reversal which is where we are at this time. NTES flat.
OVTI flat. RIMM short with a swin glow of 37.03 x 1.03 = 38.14 so round up to 38.25 for a long reversal. SLAB currently long swing high of 47.18 x 0.97 = 45.76 so 45.75 is current short reversal (is through 2% target) SINA short with a swing low of 34.05 x 1.03 = 35.07 so 35.13 was long reversal for trade 2. That peaked at 35.97 (enough for 2% not 3% target strategy) x 0.97 = 34.89 so 34.87 became the short reveral for a third and final trade. Lots of early activity today -- choppy trading is tricky today. SOHU flat.
APPX long swing high 32.20 x 0.97 = 31.23 round down to 31.12 for a short reversal. BSTE long swing high 28.92 x 0.97 = 28.05 so break of 28 to reverse. HEPH gapped lower so would have missed initial short so looking for a long off the swing lows - so far that is 19.60 x 1.03 = 20.18 round up to nearest 1/8th or 20.25. JCOM long with swing high of 38.78 x 0.97 = 37.61 so round down to 37.50 NTES short through the profit target. Swing low of 52.50 x 1.03 = 54.07 so round up to 54.13 and ended up reversing that at 53.50 back to short with a swing low of of 53.02 x 1.03 = 54.61 so 54.63 was the cover. Very quickly through three trades so now finished there -- choppy.