GSPN	Spiked through the 211.1 boundary for 4 points before selling off the rest of the day - a reversal of 13
VERT	Briefly triggered longs within 1/2 point of the 212.4 boundary for 3 points and then sold off for a 5 point reversal
VIGN	Popped through the 208.5 upper boundary for 11 points
TERN	Slowly moved through the 140.2 upper breakpoint and then screamed a phenomenal 70 points
ALGX	Triggered longs at the 130.5 upper boundary for 3 points
WCII	Popped through its 76.3 upper boundary for 3 points
VECO	Slowly traded through its 73.4 upper boundary for 1 1/2 points
GMST	Gapped more than 1/2 point above its 77.9 upper boundary and then sold off only to reverse near its 74.4 lower boundary and run back through 77.9 by 3 points
VTSS	Gapped open just above its 68.7 upper boundary but quickly stopped out traders - it then fell and finally reversed short of its 65.2 lower boundary and ran back through 68.7 for 1 point - the reversal was worth 4
MERQ	Gapped open just beyond the 79.9 boundary but sold off enough to hit 1 point stops.  When it again charged through the upper boundary it ran 3 points

CKFR	Had wild day but remained within its trading boundaries - no trade
ENZN	Ran through its 45.9 momentum contination boundary for 9 points
KING	Gapped open and bounced within its trading boundaries - no trade
CCU	Gapped open still short of its downward momentum failure boundary and then sold off the rest of the day touching its momentum contunation boundayr at 80
CPTH	Crashed through its 72.8 momentum continuation boundary for almost 3 points and then reversed finally popping through the 74.1 failure boundary at the end of the day for almost 1 point

ITWO	Remained within its breakpoint boundaries
MLNM	Charged through its 271.9 upper breakpoint boundary for 44 points
TQNT	Gapped above its 250.5 upper breakpoint and immediately sold off crashing through its 233.4 lower breakpoint (and even its 218.8 lower trading channel boundary) for 18 points
BOBJ	Traded through its 119.3 upper channel boundary for 10 points
ADAP	Fell through its 109.7 lower channel boundary for 6 points
QLGC	Gapped well beyond its 101.6 upper channel boundary, but ultimately fell back for a while and gave a good long entry for 5 points
AMCC	Was on a roller coaster, gapping above its 228.5 upper channel boundary and then selling off to almost 217 before reversing direction and blowing through the upper channel boundary for 4 points
SONE	Gapped beyond its trading channel and then began selling off ultimately crashing through the 118.1 lower boundary - the reversal was worth 9 points and the breakdown was worth 2
AAPL	Gapped above its channel and then sold off, finally recovering back through its upper channel at 114.4 for a fractional gain

NTAP	Gapped beyond its envelope continuation boundary at 175.9 and then sold off, later in the day it recovered back through the upper boundary for three different long entries worth about 5 points
CCL	Reversed near its 33.5 downward failure boundary and then sold off through its 31.4 downward continuation boundary for 1/2 point
CEGE	Gapped way beyond its 29.1 upward continuation boundary and ran all the way to almost 42
INHL	Gapped beyond its 89.9 upward continuation boundary and ran to 104
AMES	Fell through its 19.4 downward continuation boundary for about 1 points

Of interest to trend traders - from the 20% pullback group, GSPN (4 points + 13 points on reversal), SIFY (6 points), IMNR (4 points), TERN (70 points) - from the pullbacks to support group, UN (1 point), VLNC (1 point), CHA (2 1/2 points + 4 points on reversal)

Of note to daytraders using the trading index feature - All - AMCC (4 points), VITR (7 points),   Under $100 - SIFY (6 points), HYSQ (12 points), LWIN (1 1/2 points),  Under $50 - ENZN (9 points), GENE (5 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).