2/5/2007 Mon
Stocks Of The Day: WFMI, CTSH, KLAC And CROX
High - Low Bands: Changing 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 opened lower and formed a narrow range down bar. The index is in the
long zone, but this is not good time to swing trade.
Find stocks appear on both
Swing Scan and Break Scan.
A nice looking daily chart.
We had plenty of 30-minute gap
patterns today.
This is an ideal daily chart pattern.
The small spread makes KLAC easier to trade. The daily chart looks good ,
too.
GROW is not easy to trade because
of wide spread.
This daily does not look bad at
all.
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 opened lower and formed
a narrow range down bar. The index is in the long zone, but this is not good
time to swing trade.
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.
Both stocks have somewhat big gaps.
Long
Open position
Existing positions
I closed this trade because the stock opened lower.
127.0 to 135.0
+8point
open position
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.