Gapper's Eye        Gapper's Eye Index        Daytradenet Top
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10/30/2007  Tue
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GOOG and 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 down on the open.

The green dot indicates the opening price.

Excerpts from Net Aid:

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2007-10-30 22:00:46 hatch shadow
Good evening !

2007-10-30 22:01:46 hatch shadow
The Nasdaq closed just below the resistance line yesterday.

2007-10-30 22:01:52 hatch shadow
Currently, the futures are trading lower.

2007-10-30 22:03:01 hatch shadow
These are the stocks opening with upside gaps.

2007-10-30 22:03:21 hatch shadow
Clearly, we have more downside gap stocks today.

2007-10-30 22:04:27 hatch shadow
Let's begin with ``ok.

2007-10-30 22:05:02 hatch shadow
It will not make a 5-day high on the open.

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2007-10-30 22:05:41 hatch shadow
elbm.

2007-10-30 22:05:49 hatch shadow
Yesterday's bar is too long. It can reverse easily.

2007-10-30 22:06:17 hatch shadow
bqnw

2007-10-30 22:06:40 hatch shadow
It has already two consecutive up days.

2007-10-30 22:07:16 hatch shadow
i`rn. This is a good one.

2007-10-30 22:30:09 hatch shadow
The opening bell !

This does not have good travel range.

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The futures are moving higher, so don't short stocks now.

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2007-10-30 22:32:32 hatch shadow
fnnf is taking out the high.
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2007-10-30 22:33:28 hatch shadow
i`rn is attempting to fill the gap.

2007-10-30 22:33:39 hatch shadow
fnnf is breaking out.

2007-10-30 22:34:03 hatch shadow
The futures are moving higher.

2007-10-30 22:35:26 hatch shadow
ahct has broken out.


2007-10-30 22:35:58 hatch shadow
i`rn is moving higher.

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2007-10-30 22:36:20 hatch shadow
Exit fnnf.

Up $386 for 100 shares.

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2007-10-30 22:36:22 hatch shadow
Keep watching GOOG !

2007-10-30 22:38:22 hatch shadow
Break Scan shows GOOG and BIDU as buy candidates.

2007-10-30 22:40:43 hatch shadow
Out  ahct.

Up $858 for 200 shares.


They kept on going !

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The index formed an up - bar.

It looks ready to break out !
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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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