SIFY	Congested for a couple of hours at its 83 directional swing SR and ultimately triggered short trades at its 81 lower breakpoint for up to 3 points
ANCR	Sold through its 42.8 lower breakpoint triggering shorts for up to 5 points
LBRT	Triggered shorts twice at its 78 lower breakpoint - first for up to 2 points and then for up to 10 points
CNXT	Rallied through its 80.5 upper breakpoint and gave long trades up to 4 points
AXP	Bounced off its 146.9 upper breakpoint and sold off for the rest of the day - but failed to break its lower breakpoint - if you didn't play the 6 point reversal, look for a trade entry tomorrow
AFFX	Gave short entry at its 210.6 lower breakpoint for up to 25 points
INCY	Triggered short trades at its 132.6 lower breakpoint for up to 26 points
AMCC	Bounced around near its 272.4 upper breakpoint triggering traders long and then stopping them out for breakeven or partial losses - but when it fell off a cliff and sold through its 251.1 lower breakpoint, short traders were rewarded with up to 17 points

AETH	Remained within its boundaries - no trade
AVTC	Remained within its boundaries - no trade
BCE	Rallied but failed its momentum short of its 124.5 continuation boundary - no trade
NTRO	Held above its 82.5 downward continuation boundary and finally reversed back through its 83.8 failure boundary for up to 2 points
ZIXI	Remained within its boundaries - no trade
STT	Triggered short trades at its 85.8 failure boundary for up to 5 points
AXTI	Remained within its boundaries - no trade

ADAP	Sold back into and through its trading channel - triggering shorts at its 159.2 lower channel boundary for up to 30 points
INSP	Gapped below its lower breakpoint but pulled back enough to trigger a short at that boundary for up to 36 points
FDRY	Gapped open below its lower breakpoint but pulled back an eventually triggered shorts at its 170.8 lower channel boundary for up to 14 points
RFMD	Triggered shorts at its 140.8 lower breakpoint for up to 9 points
ENTU	Triggered short trades at its 105.2 lower breakpoint for up to 10 points
RMBS	Gapped below its 386.2 lower breakpoint but pulled back and ultimately triggered shorts at that boundary for up to 70 points
NSOL	Triggered shorts at its 212.7 lower breakpoint for up to 17 points
HBCCA	Triggered longs at its 107.9 upper channel boundary for up to 2 points
NVDA	Sold off from the open, but held support at its 95.9 lower channel boundary and bounced short of its 107.1 upper breakpoint - no trade - look for a possible entry tomorrow

DLJ	Gapped open above its 62.4 continuation boundary and then sold off - it didn't hit its 58.6 failure boundary until shortly before market close - so no trade
OSSI	Remained wthin its boundaries - no trade
CCL	Reversed direction and triggered long trades at its 23.2 failure boundary for up to 1 points
MU	On expectations of an upcoming stock split, it continued its rally and triggered buying at its 129.1 entry price for up to 13 points
JAKK	Remained within its boundaries - no trade
IBP	Failed to trigger a long entry at its 16.8 buy entry price and sold off just short of its 14.5 false breakout price - look for an entry tomorrow

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).