CMRC	Traded within its boundaries - no trade (this one is brewing some volatile action)
INCY	Gapped below its lower breakpoint but recovered and found strong support just above the lower breakpoint - no trade, but also a breakout/breakdown waiting to happen
JNPR	Blasted through its 280.5 upper breakpoint for up to 20 points
MLNM	Broke through its 236.2 upper breakpoint for up to 9 points - potentially more volatility left in this one
A	Fell through its 146.2 lower breakpoint triggering shorts for up to 3 points - this one could also still have more volatility left in it
VNTR	Continued its multiday breakdown through its 185 lower breakpoint for up to 9 points - don't risk a long position in this one without a clear reversal signal
ANCR	Opened at its 54 upper breakpoint and triggered long positions for up to 2 1/2 points - strong multiply tested resistance at its 56.1 SR could indicate inadequate buying pressure and a selloff coming
CHKP	Initially triggered traders short at its 268.1 lower breakpoint for about 3 points and then triggered them long at its 275.8 upper breakpoint for up to 25 points

VRSN	Gapped lower (but not below its failure boundary) but recovered and triggered longs at its 241.3 continuation boundary for up to 4 points
BGEN	Gapped higher but continued its downard momentum through its 89.5 continuation boundary for up to 8 points
DNA	Initially triggered a reversal long entry at its 194.3 failure boundary for up to 3 1/2 points and then triggered a continuing short entry at its 187.8 continuation boundary for for up to another 6 points
BVF	Continued selling off triggering shorts at its 52.4 continuation boundary for up to 3 points
PHCM	Gave a long entry at its 170 continuation boundary for up to 38 points
NTRO	Gapped lower but then continued its upward movement through its 101.7 boundary for up to 18 points
VIAN	Failed its momentum near its 42.3 continuation boundary and sold off - no trade though

TERN	Pulled back below its 264.3 upper trading channel boundary and triggered longs when it traded through it to the upside in the afternoon for uo to 5 points
AMCC	Broke through its 299 upper breakpoint triggering longs for up to 6 points
ASDV	Remained within its boundaries - no trade (watch for a possible big movement once the split is absorbed)
IMCL	Remained within its breakpoints and trading channel - with such a narrow channel, expect a sizable move when it happens
PDLI	Gapped below its trading channel and lower breakpoint - no trades
JDSU	We noted yesterday to watch this one, it broke below its 134.6 lower channel boundary for up to 9 points and then ramped back through its 141.1 upper channel boundary for about a point only to fail in its momentum and sink back into its channel - watch for further channel breaches within the next couple of days
MEDX	Bounced off its upper trading channel boundary and sold through its 163.8 lower channel boundary for up to 20 points
PEB	Remained within its trading channel - look for a big breakout soon

ADAP	Triggered long entries at its 191 boundary for ip to 18 points
OMKT	Failed its breakout and traded within a few point trading range - look for a possible breakdown on Monday
BWEB	First gapped beyond its 56.5 continuation boundary and then sold off, it recovered and continued its upward push back through 56.5 for about 2 1/2 points
PMCS	Triggered longs at its buy boundary of 245.8 for up to 9 points
QQQ	Triggered buys at its 230.5 breakout boundary for about 1 point - watch out though, the NDX is at least a short term selloff waiting to happen
BBY	Failed to clear its breakout entry price and sold off - no trade yet, but this looks like a potential 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.

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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).