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2/7/2008 Thu
   

Gap Down and Reversal

AKAM, BIDU and ISRG


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. You had to watch out for a reversal especially after  three consecutive down bars.

The green dot indicates the opening price.

Excerpts from Net Aid:

 

2008-02-07 23:00:04 hatch shadow
Good evening.

2008-02-07 23:10:28 hatch shadow
Hard to borrow stocks: ACAS ,DRYS ,FMCN, HOLX, SHLD and  SPWR.

2008-02-07 23:11:26 hatch shadow
The market recorded three straight down days.

2008-02-07 23:11:35 hatch shadow
The futures are weak now.

2008-02-07 23:12:00 hatch shadow
Watch out for a reversal. The market already made three consecutive down days.

2008-02-07 23:12:22 hatch shadow
Stocks with downside gaps: GOOG, FSLR, BIDU , AAPL, FWLT, QCOM, MELI, FISV, AMZN, PCLN, MSFT, LRCX, ADBE, ERTS , ADSK and  KLAC.

2008-02-07 23:17:22 hatch shadow
Stocks with upside gaps: AKAM .

2008-02-07 23:30:14 hatch shadow
The market has opened.

2008-02-07 23:30:55 hatch shadow
Short QCOM, KLAC and APOL.

No trade

 

Up $100 for 500 shares.

 

No trade.

2008-02-07 23:31:05 hatch shadow
Long AKAM.

Up $510 for 1000 shares.

2008-02-07 23:31:49 hatch shadow
BIDU, a 30-min. gap
pattern.

Up $203 for 100 shares

 



Up 154 for  50 shares.


2008-02-07 23:35:57 hatch shadow
ISRG.

Up $246 for 100 shares.

2008-02-07 23:37:05 hatch shadow
hatch 3.

2008-02-07 23:37:40 hatch shadow
Breakscan.

 

Long again after bottoming out.

 

The Nasdaq finished with an up-bar.

 


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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
.