Thursday, November 06, 2003

PHTN reversed to long which is where we are at this time. PCLN short through the profit target with a potential long at 21.09 x 1.03 = 21.72 adjusted up to 21.75. SLAB short through the profit target. Swing low of 52.73 x 1.03 = 54.31 adjusts up to 54.38 for a trade #3 long which is open now. SINA short through the profit target and looking for a long off the lows plus our 1.03 calculation. SOHU short also through its target at 33 and likewise looking for a potential long trade #2.
JCOM short through the profit target so now looking for a potential trade #2 long. JBLU long. NTES short through the target at 42 so now looking for a potential trade #2 long. NFLX the trade #3 long ended up exiting at our trailing stop. NTLI long triggered and through the profit target.
PHTN started short with a swing low of 39.91 x 1.03 = 41.11 adjusts up to 41.13 for a long reversal. PCLN currently short swing low of 21.72 x 1.03 = 22.37 so 22.38 becomes long reversal. SLAB started long swing high of 56.30 x 0.97 = 54.62 is our short and that's where we are currently. SINA short and close to target. SOHU short also short near target.
JCOM currently short swing low of 29.62 x 1.03 = 30.50 is our long reversal. JBLU started long with a swing high of 56.30 x 0.97 = 54.61 adjusts down to 54.50 for a short reversal. NTES short with a swing low of 42.32 x 1.03 = 43.59 rounds up to nearest 1/8th or 43.63 for a long reversal. NFLX went long initially swing high of 56.68 x 0.97 = 54.97 adjusts down to 54.87 where we had our short reversal and that short on trade #2 reached the profit target. Swing low so far of 51.95 x 1.03 = 53.50 which is where we are long from on our trade #3 - final trade of the day for NFLX. NTLI flat.