VNTR	Signalled long trades at the 222.4 upper breakpoint for up to 5 points and then signalled short trades when it sold off through its 213.1 lower breakpoint for up to 30 points
CRA	Seesawed around some but triggered long trades at its 241.4 upper breakpoint twice - first for up to 3 points and then again for up to 13 points
CHKP	Initially sold off in the morning only to pullback short of its 228.3 directional swing price and rebound through its 237.8 upper breakpoint for up to 10 points
MLNM	Cruised through its 272 upper breakpoint for up to 7 points
SDLI	Gapped open but pulled back to trigger long trades at its 445 upper breakpoint for up to 37 points
COMS	Blew through its 81.4 lower trading channel triggering shorts for up to 13 points
FIBR	Triggered long trades at its 137.9 upper breakpoint for up to 11 points
TXCC	Traded within its boundaries - no trade

CNXT	Triggered long entries at the open at its 96.3 momentum continuation boundary for up to 9 points
SAPE	Traded within its momentum boundaries - no trade
HOMS	Gapped way beyond its 66.1 momentum continuation boundary and sold off - traders may have been triggered long and then stopped out for from breakeven to fractional losses when the price congested between 65 and 67 - no other trades
SCNT	Triggered long trades at its 97.9 momentum continuation boundary for up to 11 points
RHAT	Reversed ists momentum gapping lower and selling off through its 66.4 momentum failure boundary for up to 2 points
SCMR	Gapped up at the open but then continued its downward momentum through its 170.6 continuation boundary for up to 5 points before reversing its momentum and staging a rebound (albeit a weak one)
NTRO	Gapped way below its 54.4 downward momentum continuation boundary and then reversed direction, but still was unable to penetrate its 55.3 failure boundary - no trade

JNPR	After breaching its trading channel yesterday to the upside, it continued its upward momentum through its 275.1 upper breakpoint triggering traders long for up to 9 points
NSOL	Surged through its 368.9 upper breakpoint for up to 3 points before its momentum waned
AMCC	Continued its upward path begun yesterday following its upward channel breach - it triggered long trades at its 275.6 upper breakpoint for up to 24 points
COMS	Gapped higher, but sank through its 81.4 lower channel boundary for up to 13 points
BLDP	Gapped above its 120.7 upper trading channel boundary and congested near 126 until selling off rapidly through its 116.7 lower breakpoint for up to 4 points
ENMD	Triggered long trades at its 84.8 upper channel boundary for up to 3 points

VECO	Triggered long trades at its 112.4 envelope continuation boundary for up to 5 points before underlying buying pressure waned
Q	Lost its upward energy and fell through its 60.7 envelope failure boundary for up to 4 points
MAST	Gapped beyond its continuation boundary and then sold off, but no trades
PCLN	Opened at its upward envelope continuation boundary for up to 17 points
IDPH	Surged through its 150.5 long trade entry for up to 22 points
CMOS	Triggered long trades at its 140.5 entry boundary for up to 4 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).