Monday, October 13, 2003

Phase II Test -- JOSB long through the profit target. We calculate the short trade #2 off the swing highs (same exact rules all the way except the different entry points) and short from 45.37. BRCM went short with a low of 31.23 x 1.03 = 32.17 round up to 32.25 for a long reversal. HEPH long through target and now calculating potential short trade #2 off the highs. INSP through the profit target and then trade #2 calculated off the highs. JCOM currently long. NFLX long with a reversal off the highs of 44.37. OVTI through the long target looking for trade #2 short off the highs. RMBS long with a swing high of 27.49 x 0.97 = 26.66 and round down to 26.62. SINA first trade short. SOHU first trade a short as well.
NFLX currently long -- target 45.08 x 1.03 = 46.43 and we adjust that down to nearest 1/8th or 46.37. Short reversal off the swing high so far of 45.85 x 0.97 = 44.47 adjust down to 44.37. OVTI through the profit target on the long and will be looking for a short opportunity trade #2 off the highs. RMBS currently long swing high of 27.49 x 0.97 = 26.66 and adjust down to 26.62. SINA long swing high of 42.45 x 0.97 = 41.17 and adjust that down to 41.12 as our short reversal. SOHU long swing high 37.98 x 0.97 = 36.84 and adjust that to down to 36.75
BRCM currently long swing high 31.78 x 0.97 = 30.82 and adjust down to nearest 1/8th or 30.75. HEPH strong early surge through the profit target -- will now look for a trade #2 short off the highs calculated. INSP through the long profit target - now looking for trade #2 short off the highs. JCOM long with a swing high of 46.37 so far. JOSB didn't catch the short due to the gap and early move - swing low of 43.10 x 1.03 = 44.39 and adjust up to 44.50 where we went long and that is through the profit target. Now looking for trade #2 short off the highs of 46.78 x 0.97 = 45.37 and that has triggered.