ARBA	Triggered short positions at its 274.3 lower breakpoint boundary for up to 14 points
GSPN	Triggered short trades at its 108.6 lower breakpoint twice - first for up to 5 points and again for up to 8 points
IDPH	Traded within its boundaries - no trade
TIBX	Triggered traders short at its 126.7 lower breakpoint for up to 6 points
SWCM	Gave a short entry at its 147.6 lower breakpoint and then congested near there for a while, dropped about a point and then congested for a very long time until it finally fell off the edge of the table for up to 12 points
SNE	Gapped above its key boundaries and remained there - no trade
KSS	Gapped beyond its trading channel but ultimately pulled back and gave good long entry when it traded through its 82.3 upper channel boundary for up to 3 points
NTRO	Trggered short trades when it started sinking like a stone through its 85.6 lower breakpoint for up to 3 1/2 points
SNDK	Sank from the open - it triggered short trades at its 132.8 lower breakpoint for up to 13 points

PDLI	Remained within its momentum boundaries - no trade
INCY	Triggered a brief continuation short at its 124.5 boundary for up to 1 point
AFFX	Tried to reverse but failed short of its 225.5 failure boundary - it then sold off for the rest of the day but didn't penetrate its 175.9 continuation boundary
ASKJ	Lots its momentum and sank below its 76.4 failure boundary during the last hour of trading giving traders fractional trades
SLR	Failed its upward momentum short of its 44.5 continuation boundary and sold off after the open, but it bounced near 40 1/2 and ended the day with a partial recovery
SCMR	Sank through its 142.1 downward momentum continuation boundary for up to 11 points
BBH	After yesterday's massive biotech blood bath, the BBH sank from the open but bounced 1/2 from its 174.5 continuation boundary - it then rollercoastered the rest of the day ending the day up 1 1/2 - no trade unless you took the reversal for up to 9 points
ATON	Opened below its 115 upward momentum continuation boundary and hugged the underside of the boundary for the first 30-45 minutes, when it traded through 115 and triggered traders long it rallied for up to a 5 point gain - when the momentum failed and it started selling off and fell through its 106.5 failure boundary, it triggered traders short for up to 6 points

PDLI	No breakout trades today, but directional traders who played SR3 at 210.7 picked up a few points between 10am and 11am as the stock oscillated, but they really scored on the short side the last time the price action came south through SR3 extracting up to 35 points
MLNM	No trades - it remained within its boundaries and stayed south of SR3 all day
AMCC	Triggered short trades at its 244.4 lower breakpoint for up to 20 points
VERT	Gave a short trade signal at its 220.7 lower breakpoint for up to 5 points
FDRY	Triggered shorts at its 166.2 lower channel boundary twice - once for up to 6 points and again for up to 11 points
MYGN	Oscillated around its 159.8 lower channel boundary triggering traders first short and then stopping them out for 1-2 point gains.   Traders finally scored big with the final short for up to 19 points
QGENF	Gapped below all of its boundaries - no trade
NXTL	Triggered short trades at its 141.9 lower breakpoint for up to 11 points
RATL	Gapped above its trading channel but ultimately sold back into it and triggered shorts at its 79.6 lower breakpoint for up to 4 points

AA	Reversed course but remained within its boundaries - no trade
OAT	Reversed course just above its 45.5 continuation boundary and rallied back through its 46.4 failure boundary for up to 6 points
CDNW	Remained within its boundaries - no trade
WDC	Triggered fractional trades at its 6.5 failure boundary
HET	Bounced of 0.1 short of its 16.9 continuation boundary - no trade
CCR	Bounced off 1/8 short of its 26 false breakout boundary but failed to cross its 27.3 buy entry price - watch it for tomorrow to see if can cross 27.3
BEAS	Triggered shorts at its 110.4 sell entry price for up to 10 points
KO	Signaled a false breakdown by gapping open beyond its 43.1 failure boundary - a brief pullback to within 1/2 point of the boundary gave aggressive traders a long entry for up to 4 points
F	Also signaled a false breakdown by gapping 1/2 point above its 40.5 failure boundary - aggressive traders who entered within that 1/2 point gap extracted up to 3 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).