Thursday, October 23, 2003

SP Mini with the swing high of 1034.50 - 4.50 = 1030 became the short area and we would of course adjust that to 1029.75 sell stop to go short -- that's where we are now -- Position 1 target 1029.75 - 3 = 1026.75 and we'll adjust that to 1027. The protective stop is 1029.75 + 3 = 1032.75
JOSB long through the profit target. Swing high of 44.87 x 0.97 = 43.52 and adjust down to 43.50 for a potential trade #2 short. NFLX exited the short trade at 52.13 so done there for the day. OVTI low of 45.80 x 1.03 = 47.17 and that adjusts up to 47.25 for the long reversal which has triggered. SINA reversed to short swing low of 36.34 x 1.03 = 37.43 and that adjusts to 37.50 for a long reversal. SOHU reversed to short at 32.37 and that has hit a swing low of 31.81 x 1.03 = 32.76 rounded up to 32.88 for a long reversal for a third and final trade.
CECO currently long with a target of 50.93 x 1.03 = 52.45 adjusted down to 52.37. CELG the long on the trade #3 is not through the profit target so done for the day there. CKFR flat. HEPH remains long. JCOM long at this time off the reversal.
JSOB long. NFLX went short swing low of 50.10 x 1.03 = 51.60 and adjust up to 51.63 for our long reversal and that long hit our profit zone -- the swing high was 53.42 x 0.97 = 51.81 and round down to 51.75 for a short on the third and final trade. OVTI went short initially swing low of 46.30 x 1.03 = 47.68 rounded up to 47.75 for a long reversal. SINA went long swing high of 38.53 x 0.97 = 37.37 for a short reversal. SOHU went long.
CECO flat. CELG went long quickly shortly after the open and swing high of 42.48 x 0.97 = 41.20 and adjust that down to 41.12. That short reversal hit the profit target with a swing low of 39.65 x 1.03 = 40.84 and round up to 40.88 for a long on the third and final trade. CKFR flat. HEPH went long swing high of 18.41 x 0.97 = 17.85 and adjust down to 17.75 for a short reversal. JCOM went short swing low of 31.68 x 1.03 = 32.63 for a long reversal which is where we are now.