INSP	Fell from the open to just short of its 191.2 lower trading channel boundary and then made a great rebound, blowing through its 200.6 upper trading channel boundary for 26 points
PUMA	Popped through its 135.9 upper breakpoint for about 3 points
INKT	Traded through its 141.2 upper breakpoint for 3 points
SIFY	Fell sharply through its 99.9 lower breakpoint for 9 points
ALKS	Triggered long traders at the 168 upper breakpoint for 3 points
PMCS	Gapped open beyond its 170.6 upper breakpoint and then sold off through its 164.8 lower breakpoint for 4 points
CKFR	Spiked briefly through its 92.2 upper breakpoint for 2 1/2 points and then sold off - the reversal added 5 points
ADAP	Shot through its 97.8 upper breakpoint for 16 points
IMNX	Reversed short of its 202.1 upper breakpoint and headed south, eventually triggering shorts at the 188.6 lower breakpoint for 2+ points

SAWS	Opened lower and rallied, but fell short of breaching its 59 downward momentum failure boundary - it finally traded through its 52.9 downward momentum continuation boundary for about 4 points
PSIX	Came up short of its 51.3 upward momentum continuation boundary and headed south - the reversal on the weakness was worth about 4 points
VYTL	Triggered longs at the 53.8 upward momentum continuation boundary for 2 points
NDB	Gave a long entry at the 34.6 upward momentum continuation boundary for 3 points
EBAY	Continued its upward momentum at its 160 continuation boundary for 4 points

MLNM	Fell back into its trading channel after gapping open higher beyond its 272 upper breakpoint - after giving a 2 point long trade on a spike through 272, its selloff bottomed at 256 3/4 and then it rallied back through its 259.4 upper trading channel boundary for 14 points - a subsequent sell off back into its trading channel gave another long entry at the upper channel boundary for another 12 points - all in all 28 points on some wild price action
HGSI	Triggered long trades at its 199.9 upper breakpoint several times - first for 6 points, then for 5 points, then for 3 points, and finally for 18 points
SDLI	Triggered long trades at the 374.8 upper breakpoint several times each for 3-7 points and finally for 12 points
QQQ	Gave two good long entries at the 211.3 upper breakpoint - once for 2 points and then another also for 2 points - the stock sank around 11am to exactly touch and bounce off its 204 upper trading channel boundary, if you took that trade you picked up 9 points
EBAY	Gave three good long entries at the 155.1 upper trading channel boundary - one for 7 points, another for 3 points, and finally for 9 points
HHH	Shot through its 160.3 upper breakpoint for 2 points, it then sank back into its trading channel and later gave two long entries at the 156.9 channel boundary - one for 1 point and another for 3 points
CREE	Gapped below its trading channel, but finally rallied back through its 172.3 upper breakpoint for 2 points, it then sold off through its 166 lower channel boundary for a short worth 3 points
NSOL	Triggered long trades at the 304.5 upper channel boundary for 28 1/2 points
JMED	Opened just below its 73.3 upper breakpoint and then sold off through its 70 lower breakpoint - the reversal was worth 3 points, the breakdown was worth a 1/2

ADRX	Danced wildly, but remained in its envelope boundaries - no trade
CSCO	Also oscillated wildly within its envelope boundaries - no trade (but keep these on your list for Friday)
BBRC	Shot through its 51.7 upper envelope boundary for 1 point and utltimately settled back down at that boundary
SNE	Gapped well lower of its 277.7 lower envelope boundary but finally rallied back short of its 281 upper envelope boundary - the reversal was worth 2 points
JDEC	Gapped well beyond its 45.5 upper envelope boundary and sold off for the rest of the day - the reversal was worth 4 points

Of interest to daytraders, from the Trading Index - MLNM (28 points), TERN (19 points), INCY (18 points), PDLI (15 points), RMBS (10 points on breakout, 30 on SR3 trades), CRA (60 points for anyone willing to risk the entry one point beyond the upper breakpoint)

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).