Gapper's Eye        Gapper's Eye Index        Daytradenet Top
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10/19/2007 Fri
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Relatively Simple Opening Patterns

GOOG, AAPL, SNDK and NTRI@


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:

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2007-10-19 22:00:02 hatch shadow
Good evening.

2007-10-19 22:05:15 hatch shadow
Yesterday, the index formed an up bar, and appeared bottomed out. 

2007-10-19 22:05:31 hatch shadow
Currently, the futures are higher.

2007-10-19 22:06:49 hatch shadow
GOOG has the biggest gap among stocks we follow. It reported good earnings yesterday.

2007-10-19 22:06:57 hatch shadow
It is going to be a big upside gap on the open. 

2007-10-19 22:07:12 hatch shadow
‚`‚`‚o‚k next.

2007-10-19 22:09:35 hatch shadow
A nice pattern. AAPL will report this coming Monday.

2007-10-19 22:09:37 hatch shadow
‚a‚h‚c‚t next.

2007-10-19 22:10:09 hatch shadow
It's going to be a small upside gap.

2007-10-19 22:11:41 hatch shadow
‚`‚l‚y‚m next. 

2007-10-19 22:11:47 hatch shadow
No good.

2007-10-19 22:11:55 hatch shadow
‚i‚`‚r‚n

2007-10-19 22:12:21 hatch shadow
It will not take out the high.

2007-10-19 22:13:42 hatch shadow
‚`‚c‚a‚d

2007-10-19 22:14:07 hatch shadow
The up bar is too long.

2007-10-19 22:14:29 hatch shadow
‚b‚q‚n‚w

2007-10-19 22:14:53 hatch shadow
It's not going to make a 5-day high, but it does not look bad.

2007-10-19 22:15:12 hatch shadow
‚b‚s‚r‚g

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2007-10-19 22:16:08 hatch shadow
‚e‚v‚k‚s

2007-10-19 22:16:41 hatch shadow
Iffy.

2007-10-19 22:17:49 hatch shadow
NVDA is a 30-min. gap play candidate.

2007-10-19 22:17:52 hatch shadow
looks good.

2007-10-19 22:18:30 hatch shadow
‚l‚r‚e‚s next. This one is not good.@

2007-10-19 22:30:08 hatch shadow
The market has begun.

2007-10-19 22:30:38 hatch shadow
You have to go down to level 1 to see stocks.

2007-10-19 22:30:43 hatch shadow
Short ‚r‚m‚c‚j.

2007-10-19 22:30:46 hatch shadow
‚v‚e‚l‚h

2007-10-19 22:30:47 hatch shadow
Long ‚`‚`‚o‚k.

2007-10-19 22:30:53 hatch shadow
Long ‚f‚n‚n‚f.

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2007-10-19 22:32:13 hatch shadow
This is how hatch 3 looks now.

2007-10-19 22:32:45 hatch shadow
The futures are getting weak.

2007-10-19 22:33:44 hatch shadow
‚m‚s‚q‚h is a short candidate.

As indicated above, this is a good pattern to short.

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2007-10-19 22:34:18 hatch shadow
‚c‚h‚r‚g and@‚b‚s‚r‚g.

2007-10-19 22:34:40 hatch shadow
‚c‚h‚r‚g is taking out the high.

2007-10-19 22:36:18 hatch shadow
‚f‚q‚l‚m is also taking out the high.

2007-10-19 22:37:01 hatch shadow
The futures are not showing strength at all.

2007-10-19 22:41:31 hatch shadow
Look, all red !

2007-10-19 22:42:00 hatch shadow
‚m‚s‚q‚s has not reached its average daily range yet.

2007-10-19 22:42:09 hatch shadow
But, ‚r‚m‚c‚j has hit the average.

2007-10-19 22:45:42 hatch shadow
The futures are still weak.

2007-10-19 22:51:00 hatch shadow
Now, bottoming out?

2007-10-19 22:51:57 hatch shadow
You can try to long  near 20.

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2007-10-19 22:54:47 hatch shadow
It's reversing after three straight up bars.

2007-10-19 22:57:11 hatch shadow
‚e‚r‚k‚q is nearing the high.

2007-10-19 22:58:32 hatch shadow
Those are on Break Scan.

2007-10-19 22:59:37 hatch shadow
FSLR is selling off.

2007-10-19 23:05:11 hatch shadow
It's all red.

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2007-10-19 23:05:42 hatch shadow
A big sell off !

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The Nasdaq formed a wide range down bar. It is extremely rare to see such a long 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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