VERT	Triggered shorts at the 198.6 lower boundary for 2 points
CMRC	Triggered longs at the 160.9 upper boundary for 8 points
ETEK	Was a short at the 194.9 lower boundary for 3+ points
CRA	Gave a long entry at the 252.7 upper boundary for 19 points
RNWK	Triggered shorts at the 84.7 lower boundary for 3 points - the reversal was worth about 5 more
MEDI	Triggered shorts at the 164.7 lower boundary several times for a total of  about 4 points
VRSN	Gave a short entry at the 199 lower boundary for 4 points and then a long entry at the 208 upper boundary for 11 points
LBRT	Gave a quick long trade at the 103.6 upper boundary for 6 points
APNT	Was a good short when it fell through its 62.3 lower boundary for 5+ points

ENZN	Triggered short trades when it continued its downward momentum through 42.6 for 4+ points
SNPS	Traded within its boundaries - no trade
DRTE	Also traded within its boundaries - no trade
KING	Continued in its downward momentum through 48.9 for 3 1/2 points
BMET	Triggered a quick short at the 35.6 failure boundary for 1 point
MSFT	Continued its downward momentum through 99.1 for about 3 points
LCOS	Reversed course and fell through its 69.4 failure boundary for 2 1/2 points

ITWO	Gave a short trigger when it fell through the 247.7 breakpoint (and back into its trading channel at 247.3) for 10+ points, it then briefly fell through the lower boundary of its trading channel at 234.4 for 1 point, but rebounded back through the 247.3 upper trading channel boundary for 5 points.  The reversal off the 234.4 lower channel boundary was worth an extra 13 points.
VIGN	Fell through the 200.3 lower breakpoint for fractions but the reversal was worth about 9 points
BRCM	Fell back into its trading channel and later gave a long trigger at the 169 channel boundary for 16 points
INKT	Gapped above its trading channel and then fell back through and bottomed short of its 109.6 lower channel boundary (twice) - each reversal off the lower boundary was worth about 4 points
DIIG	Fell out of its trading channel at 87.7 for 5 points
UCOMA	Triggered a short at the 85.8 lower channel boundary for 6 points

CREE	Gapped bryond its upper envelope boundary and then crashed back through it - the reversal was worth 5 points
SLR	Continued downward through its lower envelope boundary at 64.9 for 2 1/2 points
DNY	Gave a failed breakdown trigger at 20.4 for 1 point

Of interest to trend traders - from the 20% pullback group, CAIR (4 points on reversal), SOFN (1 point on breakdown + 3 points on reversal), ETEK (6 points)- from the pullbacks to support group, ENZN (5 points)

Of note to daytraders using the trading index feature - Under $50 - ENZN (5 points), GENE (1 point + 2 points on reversal), AXTI (7 points),   Under $100 - SIFY (5 points), RNWK (3 points + 4 points on reversal), FIBR (2 points on reversal),  All - AMCC (27 points), AETH (5 points), GSPN (15 points)

Knowing where to expect, and capitalizing on, reversals is a key profit making tool in the daytrader's arsenal.

Whipsaws can happen in choppy markets and traders should always step away from the trade or give themselves more distance from the original entry boundary when a reversal occurs (such as adding one point to the reversal side of the trade entry boundary) to reduce the effect.  Losses are a fact of life, but they can be easily kept to a minimum while maximizing your profits with proper stop management.

Recognizing that a mere one point per day profit when trading 500 shares (or 5 option contracts) is $120,000 per year, you  begin to understand the potential for profit in applying Trade Prospector's information.

Copyright 2000, by Third Millennium Trading.  All rights reserved.  This information is proprietary and reserved for the personal use of Trade Prospector users and registrants.  No other use is permitted without the express authorization of Third Millennium Trading.

Disclaimer: Third Millennium Trading does not recommend the purchase or short sale of any stocks.  Trading should be based on your own understanding of market conditions, price patterns and risk.  The information presented here is designed to contribute to your understanding. Controlling risk through the use of protective stops is critical (more).