Gapper's Eye        Gapper's Eye Index        Daytradenet Top
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11/02/2007  Fri
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Focusing On Reversal

BIDU, GOOG and  CTXS@


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.

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The Nasdaq opened higher.

The green dot indicates the opening price.

Excerpts from Net Aid:

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2007-11-02 22:02:06 hatch shadow
Good evening.

2007-11-02 22:03:48 hatch shadow
The Nasdaq formed a wide range bearish bar yesterday.

2007-11-02 22:04:15 hatch shadow
Currently, the futures suggest the strong open. Here are the daily and 30-min. charts.


2007-11-02 22:04:32 hatch shadow
These are the 1- and 3-min. charts.

2007-11-02 22:05:39 hatch shadow
BIDU will be opening higher near 400.

2007-11-02 22:05:41 hatch shadow
You have to watch out for a reversal especially after five consecutive up bars.

2007-11-02 22:05:53 hatch shadow
‚f‚n‚n‚f@

2007-11-02 22:06:27 hatch shadow
It will open near 712.20.

2007-11-02 22:06:53 hatch shadow
‚h‚r‚q‚f

2007-11-02 22:07:11 hatch shadow
It's not going to make a 5-day high on the open.

2007-11-02 22:08:09 hatch shadow
‚q‚h‚l‚l

2007-11-02 22:08:18 hatch shadow
This is a good pattern for the 30-min. gap play. 

2007-11-02 22:09:42 hatch shadow
‚l‚r‚e‚s

2007-11-02 22:10:05 hatch shadow
It has already three straight up days.
2007-11-02 22:11:26 hatch shadow
Focus on SPWR.

2007-11-02 22:12:16 hatch shadow
‚e‚l‚b‚m

2007-11-02 22:12:41 hatch shadow
This will be a good one to trade today.

2007-11-02 22:12:51 hatch shadow
Also watch ‚d‚r‚q‚w.

2007-11-02 22:13:50 hatch shadow
‚`‚o‚n‚k

2007-11-02 22:14:03 hatch shadow
Another good pattern.

2007-11-02 22:30:10 hatch shadow
The opening time.

2007-11-02 22:30:24 hatch shadow
Hatch 3 shows this many stocks already.

2007-11-02 22:31:02 hatch shadow
Long ‚`‚`‚o‚k.

Broke even on this trade.

2007-11-02 22:31:10 hatch shadow
RIMM is readyI

Broke even.

2007-11-02 22:31:23 hatch shadow
Hatch 3 with tighter conditions.

2007-11-02 22:32:53 hatch shadow
The futures are declining.

2007-11-02 22:33:42 hatch shadow
‚b‚s‚w‚r

Broke even.

2007-11-02 22:34:32 hatch shadow
‚b‚s‚w‚r is the only one for now.

2007-11-02 22:36:59 hatch shadow
A slow day so far.

2007-11-02 22:39:41 hatch shadow
‚q‚h‚l‚l looks ready.

2007-11-02 22:40:34 hatch shadow
Long ‚q‚h‚l‚l.

Up $625 for 500 shares.

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2007-11-02 22:46:16 hatch shadow
The futures are weak.

2007-11-02 22:46:27 hatch shadow
‚r‚g‚k‚c is nearing the low.

2007-11-02 22:46:31 hatch shadow
This is a weak stock.

Up $1150 for 500 shares.

2007-11-02 22:49:34 hatch shadow
‚r‚g‚k‚c is breaking down.

2007-11-02 22:49:51 hatch shadow
This is it .

Up $1250 for 500.

2007-11-02 22:50:19 hatch shadow
This one is not good.

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2007-11-02 22:51:02 hatch shadow
‚m‚s‚q‚r's weekly chart is in an uptrend.

2007-11-02 22:51:35 hatch shadow
The weekly and daily charts of SHLD.

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2007-11-02 22:54:08 hatch shadow
These two are the only stocks can be traded in the same direction as the futures now.

2007-11-02 22:55:02 hatch shadow
‚`‚l‚y‚m, a 3-min chart.

2007-11-02 22:55:34 hatch shadow
All going down !


2007-11-02 22:59:33 hatch shadow
GOOG is bottoming out.

Up $252 for 50 shares.

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2007-11-02 23:00:08 hatch shadow
Here are long candidates: ‚f‚n‚n‚f and ‚a‚h‚c‚t.@

2007-11-02 23:00:19 hatch shadow
You have to hold this one a bit longer.

Up $505 for 100 shares.

Up $510 for 1000 shares.

2007-11-02 23:02:09 hatch shadow
Here are the futures charts.

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The Nasdaq formed a narrow range down bar.

Stopped declining?
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Gapper's Eye Index

Daytradenet Top


Charts courtesy of CQG

Source: 2006 CQG, Inc. All rights reserved worldwide.

 


Red and blue zones show the gap of the preceding day.
The Green zone indicates the profitable zone of trading
.

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