NVDA	Failed to rally through its 102.5 upper breakpoint and finally crashed through its 94.4 lower breakpoint for up to 4 points
SWCM	Rallied through its 136.1 upper breakpoint for up to 4 points
LSI	Triggered longs at its 86 upper breakpoint for up to 2 points and then triggered traders short at its 83.2 lower breakpoint for up to2 points
NVLS	Triggered long trades at its 65 upper boundary for up to 1 point - expect further movement from this stock as its volatility continues snapping back to normal
RHAT	Maintained resistance at its 60.7 upper breakpoint (which coincided with its lower channel boundary) - the rally to this price level and failure was good for a 2 point reversal short, otherwise no trade - look for a breakout/breakdown from this stock soon
ADAP	Triggered long trades at its 136.9 upper breakpoint for up to 6 points - the eventual failure of the rally and weak close could be a sign of further selling coming
CHKP	Gave a long entry signal at its 227 upper breakpoint for up to 4 points
PDLI	Continued sinking but remained above its 92.9 lower breakpoint - no trade

MSTR	Continued its momentum through its 134.7 continuation boundary for up to 7 points before running out of gas
KANA	Remained within its boundaries - no trade
INAP	It's downward momentum exhausted, the stock rallied back through its 69.5 failure boundary for up to 4 points
MSFT	Continued through its 113.7 continuation boundary for up to 1 1/4 points before losing its momentum and falling back - watch for a selloff through 107.4 to trigger shorting
CB	Remained in its boundaries - no trade - wait for a jump through 61.8 on strength before risking a long trade on this

RMBS	Initially bouncing off its 330.5 lower breakpoint, it eventuall fell through to trigger short positions for up to 7 points
RBAK	Triggered 1 point shorts at its 319.6 lower channel boundary but otherwise remained within its boundaries - watch for a potential breakout/breakdown soon
MLNM	Triggered short trades at its 148.6 lower channel boundary for up to 11 points
INCY	Triggered shorts at its 117.9 lower channel boundary for up to 10 points
VERT	Signaled up to 3 point shorts at its 184.2 lower breakpoint - traders who shorted on the weak rally and subsequent drop through the directional swing at 192.8 picked up to 10 points
NSOL	Rallied through its 206.6 upper breakpoint triggering longs for up to 5 points

LEH	Continued its breakout through the 103.8 contunation boundary for up to 3 points
GOTO	Gapped open well above its 41 false breakout boundary - no trade
AMKR	Failed its breakout short of its continuation boundary, but didn't fall through its false breakout confirmation boundary - watch this stock for further confirmation of direction
GM	Couldn't make it anywhere near its 88 continuation boundary and was stuck in a narrow trading range - no trade - watch for further confirmation of breakout strength or a false breakout confirmation
GE	The 160 buy entry boundary held as resistance - no trade - watch for possible directional confirmation in the next couple of days
BBY	Failed its breakout at the 81.5 boundary and sold off - if you risked a reversal on the failure at the breakout boundary you made up to 3 points - given its weak finish, watch for at least some continuation on Monday and a shorting opportunity below 76.9
SCH	Triggered long entries at its 62.5 breakout boundary for up to 4 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).