CNXT	Traded within a tight range and only penetrated its 74.6 lower breakpoint at the end of the day, closing at 74 1/2 - no trade - but keep an eye on this one, volatility ahead
SPCT	Triggered one point trades at its 26.4 upper breakpoint
ISSX	Triggered long trades at its 111.1 upper breakpoint for up to 18 points
AXP	Remained within its boundaries - watch this stock for an eventual breakout
CBS	Triggered long trades at its 62.1 upper breakpoint boundary for up to 2 points
AVTC	Gapped down and triggered shorts at its 12.3 lower breakpoint for fractional gains
INHL	Triggered longs at its 79.6 upper breakpoint boundary for up to 18 points
HWP	Traders were triggered long at its 143.9 upper breakpoint for up to 2 1/2 points

PDLI	Triggered long trades at its 107.6 failed momentum boundary for up to 12 points
INSP	Gapped open and gave a long entry at its 169.8 failed momentum boundary for up to 15 points
AETH	Triggered long entry at its 223.6 failed momentum boundary for up to 19 points
BBH	Gapped open but ultimately gave a long entry at its 176 continuation boundary for up to 13 points
CRGN	Triggered short trades at its 90.1 continuation boundary for up to 4 points and then it started to rally - triggering longs at its 106.6 failure boundary for up to 10 points
HGSI	Gapped open and then after pulling back into the lunch hour, gave a long entry at its 99.7 continuation boundary for up to 11 points
GLGC	Reversed course abruptly gapping open above its 41 failure boundary - no trade
QQQ	Triggered long trades at its 113.1 continuation boundary for up to almost 3 points

GLW	Gapped open and above its channel but ultimately pulled back to its 196 upper breakpoint giving a long entry for up to 8 points
MCRL	Gapped open back into its channel and pulled back to its lower channel boundary before rallying - at the 105.1 upper breakpoint, traders were triggered long for up to 1 point and then later again long for up to almost 4 points
FNSR	Remained stuck in its channel - no trade
MACR	Triggered long trades at its 86.2 upper breakpoint for up to 4 points
DISH	Triggered longs at its 123.8 upper breakpoint for up to 5 points
SWCM	Remained within its boundaries - no trade

AHP	Failed its breakout short of its 56 continuation boundary, but bounced short of reaching its 53.2 failure boundary - no trade
APCC	Failed its breakount below its 41.6 continuation boundary and remained range bound - no trade
IDX	Shot all of its breakout strength on a gap open beyond the 32 continuation boundary and then sold off - no trade
VSH	Gapped open beyond its 59.5 buy entry and then sold off - it triggered shorts at its 57.4 failed breakout boundary for up to 2 points
KSS	Triggered a false breakout short at its 94.4 boundary for up to 3 points
CB	Remained within its boundaries - no trade
WMT	Triggered false breakout short trades at its 55.7 failure boundary for up to 1 1/2 points - it finished on a down bar - look for possible further selling and the 56 5/8 recent high to hold for a while

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).