VITR	Triggered short trades when it fell through its 187 lower breakpoint for 11 points
CIEN	Signaled long trades as it traded through its 162.8 upper breakpoint for 17 points
TERN	Triggered traders short at its 250.7 lower breakpoint twice - once for 5 points and again for up to 20 points
MLNM	Gave short entry at its 253.7 lower breakpoint for 3 points
CRA	Gave a brief 2 point short at its 231 lower breakpoint
NSOL	Triggered longs at its 325.9 upper breakpoint for up to 10 points
CMDX	Now trading under the symbol VNTR - it gave a short signal at its 218.5 lower breakpoint for up to 6 points
INCY	Sold through its 271.5 lower breakpoint twice - once for up to 10 points and later (after congesting near this key resistance) for up to 30 points

SFE	Swung wildly in the morning but remained within its momentum boundaries - no trade
LRCX	Poked fractionally through its 158.8 momentum continuation boundary only to have momentum fail and sell off for most of the day - if you took this reversal at the key boundary you were rewarded with up to 13 points, otherwise you were stopped out for about 1 point
SAWS	Continued its upward momentum through its 50.1 continuation boundary for up to 10 points
WAVX	Gapped open beyond its 46.7 continuation boundary and rallied another 2+ points before losing its momentum and crashing back to bottom at and bounce off its 41.1 failure boundary - no boundary breakout trades, only reversal trade as the stock plummeted back through its continuation boundary
NITE	Triggered long entries at its 48 continuation boundary for up to 1 1/2 points
SFX	Traded within its momentum boundaries - no trade
FTN	Tried to reverse its downward momentum briefly rallying through its 18 momentum failure boundary and then selling back off through it for the rest of the day - trades would have been stopped out for a fraction and would have broke even if they took the reversal by making back the fraction

AETH	Peaked about a point beyond its 274.1 upper boundary and then sold off - traders would have been stopped out with 1-1 1/2 point losses - if you took the reversal as it fell back through 274 you gained up to 19 points
NSOL	Triggered longs at its 325.9 upper breakpoint for up to 10 points
HGSI	Gapped open beyond its 220.1 upper breakpoint and remained there - no trades
JNPR	Triggered long entries at its 286.6 upper breakpoint for up to 9 points
ITWO	Gapped open 5 points beyond its 164.1 upper channel boundary, but triggered long trades when it continued through its 172 upper breakpoint for up to 3 points - it settled back inside its channel boundary - keep an eye on this stock again tomorrow
KANA	Triggered long trades at its 144.8 upper channel boundary for up to 5 points
PHCM	Gave a good long trade signal as it crossed its 140.9 upper trading channel for up to 8 points
SIFY	Bounced exactly off its 96.2 upper channel boundary and then sold off for the rest of the day remaining within its channel - this was a no trade unless you took the reversal at the upper channel boundary in which case you gained up to 5 points
VITR	Gapped beyond its 189.1 upper channel boundary and then came back to congest near the boundary for most of the day before selling off and closing inside its channel again

IMCL	Gapped open fractionally beyond its 131.6 envelope continuation boundary and then pulled back - it triggered long trades when it traded through the continuation boundary for up to 10 points
LRCX	Gapped fractionally beyond its 156.5 continuation boundary, rallied another 2 points, and then sold off for most of the day - no trade
WAVX	Gapped open beyond its 46.1 continuation boundary, ran another 2+ points and then sold off to bounce off its  41.1 failure boundary - no trade
ETEK	Also gapped open 7 points beyond its 273.8 long breakout entry and rallied for the rest of the day - unfortunately no trade because of the gap
SFE	Poked its head fractionally beyond its 175.4 breakout long entry boundary and then sold back off quickly, rebounded to near the boundary several times and again sold off - most traders would have been stopped out with about 1 point losses, if you took the reversal at the breakout boundary you made that initial loss plus up to another 12 points
NDB	Triggered long entries at its 45.8 breakout boundary for up to 4 points

Of interest to daytraders, from the Trading Index - CRA (12 points), PDLI (21 points), SDLI (50 points), TERN (20 points), VNTR (6 points), AETH (25 points), NSOL (20 points), ITWO (25 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).