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Gap Fade: Monday 04/10/2006

Started by eliteG, April 10, 2006, 09:22:33 AM

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eliteG

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):



eliteG

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.

eliteG

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

Adam


wrangler

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

OneStockMind


Loffigus

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

Adam

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?

eliteG

hmm an interesting one is FLWS.. just triggered

eliteG


eliteG

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  ;)

eliteG

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

eliteG

CRYP - 2ND entry zone

eliteG


eliteG

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