Wednesday, October 29, 2003

NFLX remains long. PHTN long. SINA reversed to short and to our profit target - looking for a third and final trade long off the swing low so far of 40.26 x 1.03 = 41.47 and that rounds up to 41.50. SOHU went short swing low of 34.82 x 1.03 = 35.86 and that rounds up to 35.88 for a long reversal on a third and final trade. USNA long.
ICOS reversed to long swing high of 47.68 x 0.97 = 46.25 for a short reversal. IVGN long. JCOM swing low on the short 29.45 x 1.03 = 30.33 and that rounds up to 30.38 for a long reversal on a third and final trade. JBLU long. JOSB long with a swing high of 45.92 x 0.97 = 44.54 so a break of 44.50 for a short reversal.
ICOS went short with a swing low of 45.55 x 1.03 = 46.92 so we round up to the nearest 1/8th for a long reversal and that is a break of 47 for our long reversal at this time. IVGN currently long swing high 64.38 x 0.97 = 62.44 adjusted down to 62.37 for a short reversal. JCOM long with a swing high of 30.62 x 0.97 = 29.70 which rounds down to 29.62 for a short reversal. JBLU currently long with a swing high of 58.60 x 0.97 = 56.84 which rounds down to 56.75 for a short reversal. JOSB flat.
NFLX long swing high so far of 58.31 x 0.97 = 56.56 so the break of 56.50 is the short reversal. PHTN currently long. SINA went long early swing high of 42.80 x 0.97 = 41.51 so the break of 41.50 is the current short reversal. SOHU went long through through the profit target. Swing high of 36.80 x 0.97 = 35.69 so 35.62 became the short and that is where we are now. USNA started short swing low of 61.50 x 1.03 = 63.34 which rounds up to 63.38 for a long reversal and that's what we're in now -- this stock getting a bit volatile so probably will replace tomorrow.