AETH	Initially triggered traders into short positions at its 177.5 lower breakpoint which were stopped out for fractional losses.  A subsequent short below 176.5 (boundary adjusted down as a result of the whipsaw) was stopped out for fractional gains.  Finally another short at 176.5 was worth up to 9.
RMBS	Toyed with the 274.3 lower breakpoint as support for most of the day, triggering traders in and then out for 1-2 point losses and they moved their entry boundary lower as a result of the whipsaw.  Finally, the stock traded through the revised boundary for up to 15 points.
INCY	Traded within its boundaries - no trades (except perhaps for swing traders) - watch this one on Tuesday, it's due to pop one way or the other
EXDS	Gapped lower and triggered shorts at its 130 lower breakpoint twice - once for up to 5 points and later for up to 14 points
GSPN	Triggered shorts at its 97.6 lower breakpoint for up to 15 points
CMOS	Triggered shorts at its 122.1 lower breakpoint for up to 10 points

EMLX	Continued its downward momentum through its 100.5 continnation boundary for up to 20 points
PWAV	Gave two long entries at its 132.4 failed momentum boundary - first for up to 4 points and then for up to 2 points - it then range traded for most of the day and closed poorly - look for a possible continuation of its downtrend tomorrow
VRTS	Traded in a narrow band - no trades - look for a possible resumption of its downward momentum tomorrow
EBAY	Initially found support at its 170.7 downward momentum continuation boundary, but the momentum finally took over giving short trades up to 27 points
CMRC	Initially triggered shorts on moderate volume at its 134.4 continuation boundary which were stopped out for around breakeven.  Finally the momentum took hold on much higher volume and gave shorters up to 12 points
BVSN	Stayed within its boundaries - no trades - a poor finish could portend further selling tomorrow
SAP	Triggered shorts at its 57.4 failed momentum boundary for up to 4 points

JNPR	Triggered shorts twice at its 264.9 lower channel boundary -first for up to 17 points and then later for up to 47 points
BRCM	Triggered shorts at its 220.9 lower channel boundary in the afternoon for up to 10 points
AMCC	Triggered quick long positions at its 146.2 upper channel boundary which were stopped out for fractional losses.  A subsequent upward breach of the adjusted boundary stopped out longs for fractional gains.  The resulting adjusted boundary was not breached to the up side but shorts were triggereed in the late afternoon at its 133.3 lower channel boundary for up to 16 points
TERN	Triggered shorts at its 192.9 lower breakpoint several times for 0-28 points each time
FNSR	Triggered shorts at its 139.8 lower channel boundary for up to 17 points
PHCM	Its 150.8 lower channel boundary demonstrated strong attraction producing a breakeven trade, another trade later at an adjusted boundary for a fractional loss, yet another trade at yet another adjusted boundary for a fractional loss, and finally a short for up to 10 points - a lot of trade management work on this one, but it paid off

INAP	Triggered shorts twice at its 43.5 continuation boundary - first for up to 1 point and then for up to 5 points
BLSW	Traded within its boundaries - no trade
MMC	Traded within its boundaries - no trade
IIXL	Triggered 1 point shorts at its 27.5 sell entry breakdown boundary
KIDE	Was a short at its 23.1 sell entry breakdown boundary for up to 1 1/2 points
WLA	Triggered longs at its 98.2 buy entry 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).