ARQL	Triggered fractional short trades when it fell through its 25.7 lower breakpoint
CHKP	Gapped beyond its 259.9 upper breakpoint, but ultimately pulled back and gave a good long entry signal when it traded through that boundary for up to 25 points
LRCX	Triggered short entries when it sold through its 149.4 lower breakpoint for up to 5 points
SPYG	Remained within its breakpoint boundaries - no trade (watch for a breakout soon)
PLCM	Gave traders short entry when it tanked through its 116.3 lower breakpoint for up to 9 points
GSPN	Gapped beyond its 134.7 upper breakpoint and never came back - no trade
COMS	Continued its downward spiral but remained within its breakpoint boundaries - no trade (watch for a breakout soon)
ISXX	Triggered quick long trades at its 118 upper breakpoint for up to 4 points

VRSN	Gapped open 10 points, but upward momentum quickly exhausted and it sold off and triggering short trades at its 199 failure boundary for up to 10 points
VSTR	Gapped open above its 126.1 downward momentum failure boundary, but ultimately pulled back and traded through the boundary triggering long trades for up to 13 points
USW	Sank from the open but found support near its 65.1 downward momentum continuation boundary - it triggered long trades when it came back through its 70.1 failure boundary for up to 1 point (multiday traders will still be holding this into tomorrow with a trailing stop)
BBH	Continued its downward momentum, triggering shorts at its 222.9 continuation boundary for upto 10 points
NTRO	Continued its upward momentum, triggering longs at its 60.4 upper boundary for up to 20 points
LOOK	Gave a long entry at its 67 upward momentum continuation boundary for up to 4 points

INCY	Continued sinking after breaching its trading channel yesterday, but it remained within its breakpoints - no trade
MLNM	Spiked at the open back into its trading channel and again sold through the lower boundary at 247.4 for up to 35 points
VRSN	Gapped at the open, but then continued selling off and triggered shorts at its 191.1 lower breakpoint boundary for up to 10 points before recovering to above yesterday's close (watch this for a possible upward reversal continuation)
BBH	Sold through its 219.4 lower trading channel boundary for up to 5 points
MEDI	Gapped open above its trading channel and then sold off for the rest of the day, but remained within its trading channel - no trade
DITC	Gapped above its trading channel and remained there (but below its upper breakpoint)- no trade
BLDP	Was chaos in action - first gapping open above its trading channel, then selling off back into its trading channel, and finally trading back through its 115.1 upper trading channel boundary for up to 6 points

ESRX	Triggered fractional short trades at its 29.3 downward continuation boundary, but reversed off its lower breakpoint (it's currently oversold) - multiday traders should watch for possible continuation of its reversal
EMMS	Pulled up short of its downward continuation boundary and recovered on increased volume near the close - no trade (but multiday traders should watch for continued upward movement continuing this reversal)
BMY	Gapped open (but short of its 46.6 failure boundary) and continuing up - it triggered longs at the 46.6 boundary for up to 2 points (multiday traders look for potential continuation of this reversal)
QLTI	Gapped open beyond its 59.9 breakdown failure boundary - it pulled back and ultimately traded through this boundary triggering long (failed breakdown) trades for up to 2 points (multiday traders whould watch for potential continuation of this false breakdown pattern)
EDS	Triggered breakdown continuation short trades at the 59.3 boundary twice for up to 1 points each - it finally closed near its breakdown boundary
STT	Continued its breakdown triggering shorts at its 65.4 boundary for up to 3 points - note that this stock made a triple bottom finding multiple strong support near its 62.8 intraday SR - this could indicate at least a short term rebound is brewing

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).