YHOO	Sank through its 154.9 lower channel boundary and 154.8 lower breakpoint for 2 points
CIEN	Triggered short trades at its 160.5 lower breakpoint for up to 7 points
VIGN	Initially triggered short trades at its 227.6 lower breakpoint for up to 3 points, but then when it rebounded and bounced back through its 228.9 upper trading channel boundary it triggered longs good for up to 13 points
MLNM	Triggered shorts twice at its 250.4 lower trading channel (which also coincided with its lower breakpoint) - each time for up to 5 points
CRA	Gave a good short entry at its 228.3 lower breakpoint for up to 10 points
ITWO	Triggered short trades at its 161 lower breakpoint for up to 8 points
PWAV	Initially gapped beyond its 163.1 upper breakpoint but immediately cratered falling through its 159.2 lower breakpoint triggering short trades - traders were stopped out the first time and expanded their entry zone to 158.2 (to avoid a whipsaw)- when this price was hit, they were again triggered short and this time gained up to 4 points
PDLI	Was a rollercoaster - it triggered traders short at its 243.2 lower breakpoint twice - first for up to 4 points and then again for up to 8 points

MSTR	Remained within its momentum boundaries - no trade
CNXT	Continued its downward momentum through its 86.3 continuation boundary for up to 7 points
NPIX	Oscillated within its momentum boundaries - no trade
WAVX	Gapped open to its 45.6 failure boundary and triggered long entries when it penetrated it for up to 1 point before failing the attempt to reverse its downward momentum and crashing back through its 44 momentum continuation boundary triggering traders short for up to 5 points
DSPG	After its split it traded within its momentum boundaries - no trade
SCI	Gave traders a good long entry as it continued its upward momentum through its 44.7 continuation boundary for up to 4 points

TERN	Sank through its 225.4 lower breakpoint triggering short trades for up to 21 points
INCY	Triggered traders short at its 232.6 lower breakpoint for up to 12 points
AFFX	Gave a short entry after first bouncing off its 291.6 lower breakpoint and then trading through it for up to 5 points
ITWO	Triggered short trades at its 161 lower breakpoint for up to 8 points
PHCM	Gapped beyond its 144 upper trading channel, but gave a long entry at its 148.6 upper breakpoint for up to 4 points
IMG	Gapped lower but then rallied to bounce off its 21.7 upper trading channel - no trades
VITR	Traded through its 174.5 lower breakpoint triggering short trades for up to 6 points

CPTH	Failed at its 98 envelope continuation boundary and sank, it then traded within its boundaries until briefly poking its head through 98 late in the day for about 1 point
CHIR	Remained within its envelope boundaries - no trade
ENZN	Triggered long trades at its 70.8 boundary for up to 1 point and then fell back and traded within its boundaries for the rest of the day
GLW	Gapped lower and then rebounded finally triggering long trades at its 203.5 long entry boundary for up to 3 points
PHG	Remained trapped within its boundaries - no trade

Of interest to daytraders, from the Trading Index - SDLI (33 points), RMBS (20 points), PDLI (30 points), CRA (13 points), TERN (37 points), AETH (8 points), VNTR (9 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).