VNTR	Head faked traders by peaking through its 212.7 lower breakpoint and stopping them out for about 1 1/2 point losses - the price action continued to baseline at the lower breakpoint until about 1pm ET when it bounced but hit strong resistance near its SR3 directional swing price and  remained trapped within its boundaries - this remains a good candidate for Monday
CRA	Poked its head fractionally through its 240.8 upper breakpoint and stopped traders out for fractional to 2 point losses - this remains a good candidate for Monday
YHOO	Triggered shorts at its 154.5 lower channel boundary for up to 2 points and gave long entries at its 157.9 upper breakpoint for up to 4 points - this also remains a good candidate for Monday
ASDV	Gave good long entries at its 161.5 upper breakpoint for up to 10 points
VSTR	Triggered long trades at its 136.2 upper breakpoint for up to 7 points
IMCL	Gave traders a long entry at its 142.9 upper breakpoint for up to 8 points
ICOS	Remained trapped within its boundaries - no trade
SEBL	Gapped open beyond its 139.3 upper breakpoint - if you took the entry on the pullback to 140 (which you shouldn't have because it was more than 1/2 point beyond the breakpoint), you were rewarded for your risk with up to 13 points

CNXT	Gapped open reversing its momentum and finally breached its 85.3 downward momentum failure boundary for up to 9 points
VRIO	Gapped way open but failed to penetrate its failure boundary and remained within the momentum boundaries - no trade
ADBE	Gapped open as well but failed to breach its failure boundary and remained within the momentum boundaries - no trade
RHAT	Gapped open, but nevertheless gave a long entry at its 67.6 momentum continuation boundary for up to 4 points
SCMR	Reversed its momentum and crashed through its 175.1 failure boundary twice - first for up to 6 points and again for up to another 6 points
WAVX	Remained bounded by its momentum boundaries - no trade
PCLN	Continued its upward momentum by triggering traders long twice at its 72.7 upper boundary - first for about 1 point and again for 2 points

VITR	Bounced around within its boundaries briefly triggering a short at its 170.6 lower channel boundary for about a 1 point loss and then giving traders a long signal at its 179 upper breakpoint for up to a 1 point gain - this will likely be a good breakout/breakdown candidate for Monday
HYSQ	Traded within its boundaries - no trade
VSTR	Triggered long trades at its 136.2 upper breakpoint for up to 8 points
PHCM	Gapped open higher but quickly sank triggering short trades at its 143.6 lower breakpoint for up to 2 1/2 points - it closed at its lower breakpoint and is a good breakout/breakdown candidate for Monday
TXCC	Gapped higher and then sank back below its 98.1 upper trading channel boundary - it triggered long trades twice when it penetrated that boundary again to the upside - first for up to 3 points and again for up to 3 points
COMS	Was on a rollercoaster following its huge selloff the day before but didn't offer any good trade entries
CMTO	Gapped higher and then used the 66.2 upper breakpoint for support - traders who took long positions when the price dropped below 66 and then rebounded through the upper breakpoint picked up about 4 points by the end of the day
MCRL	Gapped above its trading channel but eventually triggered long trades after it sank back below its 107.3 upper channel boundary and then broke out to the upside again for up to 5 points
ENZ	Gapped just under 1/2 point above its 84 upper channel boundary triggering long trades (if you missed the entry at the open you also got an entry at the 85.9 upper breakpoint a little later) for up to 7 points

IMCL	Gapped open but gave traders a long entry when it pulled back to within 0.1 of its 141.9 continuation boundary giving traders up to 8 points
PCLN	Gapped open but after pulling back it triggered long trades at its 72 continuation boundary for up to 3 points
BJS	Lost all of its steam and cratered from the open but remained above its 62.3 envelope failure boundary - no trade
PDE	Traded within its boundaries - no trade
LLTC	Also traded within its boundaries - no trade

Of interest to daytraders, from the Trading Index - RMBS (20 points), SDLI (16 points), PDLI (39 points), TERN (20 points), AETH (10 points), INCY (40 points), CRA (19 points), JNPR (12 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).