Print Page - Gap Fade: Monday 04/10/2006

Title: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 09:22:33 AM

We start off with the way the market will gap ;)

"09:01 am : S&P futures vs fair value: +2.3. Nasdaq futures vs fair value: +1.8. The stock market remains poised to open in flattish to modestly higher fashion." http://finance.yahoo.com/mo

Always keep a 5-min Nasdaq Chart handy ;)

and now the gaps(9:21am):

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 09:25:26 AM

so the 1st 5 minutes are vital.. checking the volume.. and the 5-min charts.. I'll update if I see a setup ;) and I'll try to follow one in detail with 5 min chart.

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 09:32:42 AM

whenever there isn't a big gap to the market.. like today.. it makes it more difficult

Title: Re: Gap Fade: Monday 04/10/2006
Post by: Adam on April 10, 2006, 09:32:53 AM

Are you going to post picks?

Title: Re: Gap Fade: Monday 04/10/2006
Post by: wrangler on April 10, 2006, 09:34:15 AM

hi elite
Four gap up's for today that has started
CTIC
OLAB
FLWS
BDCO

Title: Re: Gap Fade: Monday 04/10/2006
Post by: OneStockMind on April 10, 2006, 09:36:25 AM

How about a big gap OTD down..

Title: Re: Gap Fade: Monday 04/10/2006
Post by: Loffigus on April 10, 2006, 09:36:57 AM

Careful with OLAB - it was up over 200% on Friday!

Title: Re: Gap Fade: Monday 04/10/2006
Post by: Adam on April 10, 2006, 09:38:13 AM

I use Fidelity, I am noticing there are no shares available to short on these gaps. Does anyone else have this issue with there broker?

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 09:38:49 AM

hmm an interesting one is FLWS.. just triggered

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 09:40:35 AM

CRYP - just triggered short

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 09:46:00 AM

I'll get charts up soon.. have to take care of something at broker.. this week we will try to lay out the formatting of everything.

If you took the CRYP short.. the buy stop would be high of day ;)

entry also possible at this area.. but maybe wait for a tiny candle ;)

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 09:55:44 AM

CREE - 34.20 to trigger long.. tight stop just under 34 ;)

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 10:01:14 AM

CRYP - 2ND entry zone

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 10:02:26 AM

CREE triggered long.

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 10:04:30 AM

CRYP - stopped out.. gaps is tough without the market gapping ;)

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 10:11:32 AM

So CREE still in play.. 8).. I am not looking for any others.. I'll get this setup better looking as we test out the viability this week. :)

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eagerlearner on April 10, 2006, 10:12:18 AM

nice work G, i am watching and learning! ::)
Thanks!

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 10:15:42 AM

Quote from: eagerlearner on April 10, 2006, 10:12:18 AM
nice work G, i am watching and learning! ::)
Thanks!

No prob eags.. I just wish we had a nice market gap to start the week off... Maybe tomorrow ;).. by the end of this week we'll fading in style 8)

Title: Re: Gap Fade: Monday 04/10/2006
Post by: Adam on April 10, 2006, 10:21:04 AM

Did you play FLWS?

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 10:22:44 AM

Quote from: Adam on April 10, 2006, 10:21:04 AM
Did you play FLWS?

Nope I guess.. it is still in play ;) did you play it Adam?

Title: Re: Gap Fade: Monday 04/10/2006
Post by: eliteG on April 10, 2006, 10:27:34 AM

I'll review the gap fades later today and see if there were any I missed...

Going over to G-TA 8)

Title: Re: Gap Fade: Monday 04/10/2006
Post by: Adam on April 10, 2006, 10:34:56 AM

I'm in FLWS so far so good ;D

3SOF

Special Boards => G-Force => Other => Topic started by: eliteG on April 10, 2006, 09:22:33 AM