CMRC	Triggered long trades at its 268.4 upper breakpoint for up to 6 points
JNPR	Sold at the open, pulling back into its trading channel below its 270.5 upper boundary - when it traded back through this boundary it triggered long trades worth up to 9 points
CHKP	Remained within its boundaries - no trade (but continue to watch for an eventual breakout or breakdown)
A	Bounced within its boundaries - no trade (but also continue to watch for an eventual breakout or breakdown)
SPYG	Bounced off its 73 lower breakpoint and traded through its 77.1 upper breakpoint triggering long breakout trades for up to 16 points
CCU	Triggered long trades at its 61.2 upper breakpoint for up to 3 1/2 points
COMS	Gapped down at the open and sank until rebounding just short of its 67.8 lower breakpoint boundary - it then traded up but failed short of its 73.9 upper breakpoint only to close the day near its lower breakpoint again - no trade but watch out for an eventual breakout or breakdown
TBH	Gapped open above its 158.3 upper breakpoint but pulled back to offer a long entry worth up to 3 1/2 points - it closed back near its upper breakpoint - watch for further potential action

LCOS	Sank from the open but recovered short of its 68.7 momentum failure boundary - it ultimately fractionally penetrated its 76 continuation boundary but then pilled back and continued to demonstrate an inability to continue its momentum decisively through that boundary - watch for potential momentum exhaustion and some selling soon
GOTO	Gapped at the open (but short of its 52.3 downward momentum failure boundary) and then continued its downward movement finding support multiple times near its lower breakpoint - the congestion at the lower BP could be indicative of a waning downward momentum and a reversal may be brewing
APEX	Triggered brief fractional long trades at its 42.6 continuation boundary - but pulled back about a point near the close - multiday traders should tighten stops to in case the upward momentum does not resume
KANA	Triggered long entries at its 164 continuation boundary twice for up to 10 points each
TIBX	Gapped open and then pulled back below its 135.4 entry boundary, when it traded through that boundary long trades were triggered worth up to 4 points
MMGR	Gapped open beyond its 61.3 continuation boundary, but triggered long entries when it penetrated its 63.4 upper breakpoint for up to 4 points

CRA	Remained within its boundaries - no trade (but keep watching this stock because it could breakout/breakdown soon)
MLNM	Also remained within its boundaries - no trade (buy also watch this stock for a potential coming breakout/breakdown)
TERN	Pulled back into its trading channel from the open below 262, when it again traded through that channel boundary it triggered long trades for up to 23 points
ASDV	Gapped open to its 154.9 upper trading channel boundary triggering long entries for up to 25 points
PEB	Triggered shorts at its 108.7 lower channel boundary for up to 3 points - it recovered and returned to its trading channel - keep watching this stock for an eventual large move
ETEK	Triggered shorts at its 276.5 lower channel boundary for up to 6 points but closed back in its channel - watch this stock too for an eventual big move
JDSU	Traded within its trading channel - watch for an eventual big move from this stock too
MEDI	Triggered shorts at its 193.1 lower channel boundary for up to 4 points - likewise, this stock closed back inside its channel and is worth keeping on your watch list
DITC	Remained within its trading channel and currently shows on the multiday pattern indicators - watch for a big move out of this one

CPTH	Triggered longs at its 116.1 continuation boundary for ip to 3 points, however the stock found strong repeated resistance at its 109.6 SR - this could indicate a coming selloff
DMIC	Opened short of its upward continuation boundary and sold off only to end up congesting around its 44.3 SR3 directional swing price - no trade but given its action, if it falls through the 42-43 support zone it could keep going for a while
ROWE	Failed to penetrate its downward continuation boundary at 18.6 and pulled back - no trade
PG	Continued through its 57.3 downward momentum continuation boundary for up to 1 point - this stock is starting to flatline after falling off the cliff a few days ago, it could continue down further, but is likely it will pullback from the lows soon at least short term
CYTC	Triggered long buys at 54.4 for up to one point
STT	We noted yesterday to keep an eye on this since it found support near 62.8 yesterday, it reversed as expected and triggered long entries at its 65.5 failure boundary for up to a point - multiday traders keep an eye on this because its bottoming and reversal could mean a continued short term rebound (reversal traders who risked going long at the open while risking no more than the 62.8 support were rewarded for 3 points today)
ANN	Bounced off its 24.5 buy entry price level - no trade, but watch to see if its breakout continues or turns into a false breakout

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).