3/5/2007 Mon
Trade of the Day: SNDK and KLAC
High - Low Bands: Two New Positions
Gapper's
Eye utilizes our original unique stock scanner, Break Scan, and sophisticated
chart software, CQG. With nominal fee, the Break Scan is available to our
members.
The Kamikaze Gap Play
was introduced to the U.S. traders in the
August 2005 issue of Active Trader Magazine.
The Nasdaq made a big gap down on
the open. Watch out for a reversal !
Focus on reversal patterns because
there are not that much stocks to follow, and you can have enough time to
prepare. Safety is the top priority.
These are reversal candidates.
High - Low Bands Gap Play Watch
This strategy can be applied effectively by using the
Swing Scan. As the name implies, this system scan stocks for
swing trading. Of course, these stocks are suitable for intraday
trading, too. Don't just concentrate on stocks. Be sure to follow
the index.
Swing Scan Watch
Each figure shows the size of
the gap, the order of moving averages, the new high or new low in the past five
days. The trigger indicates the buying and selling pressure. We do not hold
overnight positions more than five days. A long position will be closed when
the stock gaps down. (Sometimes, the position is liquidated on the second gap-down.)
The opposite rules applies for closing short positions.
Watch out for a reversal especially after a big sell off. Also, be sure to
check weekly charts ! If you want to short, make sure all moving averages
are lined up correctly.
MAs on the weekly chart are not properly lined up.
MAs on the weekly chart are not properly lined up.
MAs on the weekly chart are not properly lined up.
This one is good.
MAs on the weekly chart are not properly lined up.
MAs on the weekly chart are not properly lined up.
MAs on the weekly chart are not properly lined up.
Short. The weekly chart below.
MAs on the weekly chart are not properly lined up.
Short. The weekly chart below.
MAs are not in the proper order.
No overnight positions
Gapper's Eye Index
Daytradenet Top
Red
and blue zones show the gap of the preceding day.
The Green zone indicates the profitable zone of
trading.