3/17/2008 Mon
Focusing On Shorts
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 gapped down on the
open.
The green dot indicates the opening
price.
Excerpts from Net Aid:
2008-03-17 22:01:28 hatch shadow
The Nasdaq formed a wide range down bar Friday.
2008-03-17 22:01:40 hatch shadow
This is the weekly chart of the index.
2008-03-17 22:01:46 hatch shadow
This is a ＤＯＪＩ bar.
2008-03-17 22:01:59 hatch shadow
Currently, the futures are extremely weak.
2008-03-17 22:02:22 hatch shadow
We will focus on hatch 3 stocks only today.
2008-03-17 22:03:13 hatch shadow
If there is no stock on hatch 3, we will utilize Breakscan.
2008-03-17 22:07:55 hatch shadow
Stocks with downside gaps are:
2008-03-17 22:24:24 hatch shadow
Watch out for a reversal today.
2008-03-17 22:29:05 hatch shadow
Long candidates are:
2008-03-17 22:29:30 hatch shadow
I don't think we will open any long positions today.
2008-03-17 22:30:11 hatch shadow
The market has opened.
2008-03-17 22:32:06 hatch shadow
We will focus on ＢＥＡＶ.
2008-03-17 22:32:59 hatch shadow
Breakscan shows BEAV on top.
2008-03-17 22:34:50 hatch shadow
ＢＥＡＶ has a minor support below on the 30-min.chart. Watch out
for a reversal.
2008-03-17 22:56:55 hatch shadow
It's hitting the average daily range.
2008-03-17 22:57:54 hatch shadow
Short now.
2008-03-17 23:12:52 hatch shadow
Currently, the futures are moving up.
2008-03-17 23:27:30 hatch shadow
The average range chart above.
Down $360 at the close.
The Nasdaq formed a narrow range up bar.
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.