Gapper's Eye        Gapper's Eye Index        Daytradenet Top
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2/6/2008 Wed

Be Flexible!

MELI and QCOM


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 higher.

The green dot indicates the opening price.

Excerpts from Net Aid:

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2008-02-06 22:59:05 hatch shadow
Good evening.

2008-02-06 23:12:48 hatch shadow
The Nasdaq could not move above the 20-day MA and closed weak yesterday.

2008-02-06 23:13:14 hatch shadow
The futures are strong now.

2008-02-06 23:13:33 hatch shadow
The opening gap will not be that big.

2008-02-06 23:13:58 hatch shadow
Stocks with upside gaps: ISRG, ILMN, TEVA, and WYNN.

2008-02-06 23:25:59 hatch shadow
Hard to borrow stocks: DRYS, FMCN, HOLX, SHLD and SPWR.

2008-02-06 23:30:10 hatch shadow
The market has opened.

2008-02-06 23:30:16 hatch shadow
Long ‚h‚r‚q‚f.

Up $400 for 500 shares.

2008-02-06 23:31:39 hatch shadow
‚s‚d‚u‚`

broke even.

2008-02-06 23:33:38 hatch shadow
‚l‚d‚k‚h, a 30-min. gap pattern.

Up $690 for 500 shares.

Now, change sides to short.

The daily chart is in a clear downtrend.

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The trade will be made as soon as the futures move into the gap.

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2008-02-06 23:33:42 hatch shadow
‚p‚b‚n‚l

Up $170 for 500 shares.

The trade will be made as soon as the futures move into the gap.

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2008-02-06 23:34:04 hatch shadow
No stocks on hatch 3.

2008-02-06 23:34:32 hatch shadow
‚`‚l‚y‚m, a 30-min. gap

Up $405 for 500 shares.


2008-02-06 23:34:35 hatch shadow
‚`‚c‚a‚d

Up $250 for 1000 shares.

2008-02-06 23:35:25 hatch shadow
Short ‚v‚x‚m‚m.

Up $220 for 200 shares.

2008-02-06 23:35:44 hatch shadow
Nicely trending.

2008-02-06 23:39:40 hatch shadow
Short ‚f‚n‚n‚f.

Up $155 for 50 shares.

2008-02-06 23:23:35 hatch shadow
Short BIDU@

Up $433 for 100 shares.

2008-02-06 23:47:06 hatch shadow
The futures are reversing.

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2008-02-06 23:58:04 hatch shadow
None on hatch 3.

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The Nasdaq formed a down bar.

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Gapper's Eye Index

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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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