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3/14/2008 Fri

The Gap-Up Open

BIDU   


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 gapped up on the open.
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The green dot indicates the opening price.

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Excerpts from Net Aid:

2008-03-14 22:09:06 hatch shadow
The Nasdaq closed near the 20-day MA.

2008-03-14 22:09:25 hatch shadow
Currently, the futures are strong.

2008-03-14 22:09:43 hatch shadow
Watch out for a reversal !

2008-03-14 22:10:43 hatch shadow
Long candidates are: 

2008-03-14 22:10:55 hatch shadow
‚f‚n‚n‚f, ‚a‚h‚c‚t, ‚e‚r‚k‚q, ‚`‚`‚o‚k@

2008-03-14 22:11:05 hatch shadow
‚o‚b‚k‚m, ‚i‚n‚x‚f@

2008-03-14 22:11:08 hatch shadow
‚i‚n‚x‚f is the top candidate.

2008-03-14 22:11:23 hatch shadow
Here are charts.

2008-03-14 22:11:55 hatch shadow
‚q‚h‚l‚l

2008-03-14 22:12:19 hatch shadow
‚k‚q‚b‚w. The weekly does not look that good.

2008-03-14 22:12:29 hatch shadow
‚b‚d‚k‚f

2008-03-14 22:12:45 hatch shadow
‚`‚b‚`‚r

2008-03-14 22:13:08 hatch shadow
‚a‚h‚h‚a. It has already three straight up bars.

2008-03-14 22:13:15 hatch shadow
‚a‚t‚b‚x looks good, too.

2008-03-14 22:13:22 hatch shadow
‚b‚d‚m‚w

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2008-03-14 22:13:46 hatch shadow
‚b‚g‚q‚v

2008-03-14 22:14:06 hatch shadow
‚f‚d‚m‚y

2008-03-14 22:14:20 hatch shadow
‚f‚h‚k‚c

2008-03-14 22:14:22 hatch shadow
‚l‚b‚g‚o

2008-03-14 22:14:33 hatch shadow
‚m‚c‚`‚p

2008-03-14 22:14:46 hatch shadow
‚r‚s‚k‚c

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2008-03-14 22:15:00 hatch shadow
‚`‚l‚f‚m

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2008-03-14 22:30:09 hatch shadow
The market has opened.

2008-03-14 22:30:39 hatch shadow
‚i‚n‚x‚f

2008-03-14 22:30:44 hatch shadow
This one is readyI

broke even

2008-03-14 22:31:16 hatch shadow
Long ‚f‚n‚n‚f.

2008-03-14 22:31:38 hatch shadow
‚r‚s‚k‚c

No trade.

2008-03-14 22:32:08 hatch shadow
‚f‚n‚n‚f is the only one so far.

Up $245 for 50 shares.

2008-03-14 22:32:53 hatch shadow
‚d‚q‚s‚r@

No trade. The stock could not take out the first bar high.

2008-03-14 22:33:06 hatch shadow
‚f‚h‚k‚c@

Up $595 for 500 shares

2008-03-14 22:33:40 hatch shadow
‚e‚r‚k‚q@

Up $75 for 100 shares.

2008-03-14 22:35:07 hatch shadow
‚`‚o‚n‚k@

Up $700 for 500 shares.


2008-03-14 22:35:47 hatch shadow
‚a‚h‚c‚t is a hatch 3 stock.

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It has the average daily range of 13.9 points

2008-03-14 22:59:21 hatch shadow
‚a‚h‚c‚t. This is how it looksI

2008-03-14 23:06:57 hatch shadow
BIDU shows extreme strength. 

2008-03-14 23:11:34 hatch shadow
First trade

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2008-03-14 22:43:51 hatch shadow
It is better to exit and re-enter to maximize profits. 

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2008-03-14 22:50:35 hatch shadow
Buy back and open a long position.

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2008-03-14 22:59:17 hatch shadow
Nice.

2008-03-14 23:16:46 hatch shadow
It is nearing the boundary of the gap.

Up $8903 (Up 26.71 points)

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The Nasdaq formed a wide range down bar.


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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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