12/8/2006 Fri
Trade Of The Day: BIDU
Net Aid
High - Low Bands: No 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 index is in the neutral zone.
Select stocks show up on both the Swing Scan and Break Scan Pro.
Click
here for excerpts from Net Aid
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.
The Nasdaq index opened lower. It is now in the neutral zone, so it is better
not open new swing positions.
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.
As I said above, it is not good time to open new swing positions
now.
Too many consecutive down bars.
The prior day's down bar is too
long.
Existing position
This position is still open.
Have a nice weekend !
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.