TMPW	Triggered short trades at its 76 lower channel boundary (notice that the lower breakpoint @ 76.2 was coincident with the lower channel boundary, so the lower boundary is used) worth up to 15 ppints
COHR	Triggered shorts at its 51.3 lower breakpoint for up to 12 points
HGSI	Triggered short trades twice at its 79.7 lower breakpoint - first for up to 3 points and then later for up to 13 points
INHL	Triggered shorts at its 73.6 lower breakpoint for up to 5 point
SPOT	It's 47.6 lower breakpoint proved to be strong support throughout the day.  Traders not recognizing the weak volume in the morning may been triggered short and then quickly stopped out for fractional losses.  Traders should have then revised their entry price lower to 46.6.  Traders were later triggered long at the 51.1 upper breakpoint for up to 1 point.  The action became choppy and traders should have stood  back for the rest of the day.
MCOM	Triggered shorts at its 46.3 lower breakpoint for up to 5-9 points
QQQ	Triggered shorts at its 99.9 lower breakpoint three times - first for up to 2 points, then for up to 10 points, and finally for up to 4 points

VIGN	Gave a continuation signal at its 113.6 boundary triggering shorts for up to 9 points, the subsequent afternoon market rally took VIGN with it and triggered long trades at its 135.1 failed/reversed momentum boundary for up to 15 points
CHKP	Initially triggered long failed/reversed momentum trades at its 151.8 boundary which were ultimately stopped out for fractional losses.  It later triggered short trades at its 126.6 continuation boundary twice - first for up to 9 points and then for up to 10 points
EMLX	Triggered shorts at its 75.5 continuation boundary twice - first for up to 1 1/2 points and then for up to 21 points
TIBX	With a 5 minute chart that looked like the Batman rollercoaster, it triggered shorts at its 59.3 continuation boundary for up to 7-13 points
CTXS	Upward momentum failed and it fell through its 63.6 failed/reversed momentum boundary triggering shorts for up to 11 points
LGTO	Continued its selloff through its 17.6 continuation boundary for up to 1 1/2 points

JNPR	Triggered shorts at its 212.6 lower breakpoint for up to 24 points
TERN	Triggered short trades five  times at its 158.9 lower breakpoint - first for up to 6 points, then for up to 3 points, then again for up to 3 points, again for up to 36 points, and finally for up to 7 points
SDLI	Triggered shorts twice at its 164.4 lower breakpoint - first for up to 45 points and then for up to 19 points
PMCS	Triggered shorts four times at its 162.5 lower breakpoint - first for up to 5 points, then for up to 3 points, then for up to 43 points, and then for up to 20 points
MVSN	Sold through its 72.2  lower channel boundary triggering shorts for up to 22 points
BRCM	Traded through its 218.4 lower channel boundary for up to 60 points

AKAM	Initially triggered traders short at the 111.7 continuation boundary but stopped them out for breakeven to small gains - it again triggered shorts for up to 6 points
ENGA	Triggered short trades three times at its 27.8 continuation boundary - first for up to 2 points, then for up to 2 more points, and finally for up to 7 points
PMTC	Sold off through its 9 continuation boundary triggered shorts which were stopped out for fractional losses.
CRA	Hit its 79.5 sell breakdown boundary triggering shorts for up to 22 points
SPYG	Triggered shorts at its 54.1 sell breakdown boundary three times - first for up to 1 point, then for up to 12 points, and finally for up to 7 points
DOW	Triggered longs in the morning at its 120.4 buy breakout boundary for up to 5 points, it was then caught in the market selloff and dragged back through its 119.1 false breakout boundary for a short trade worth 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).