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Saturday, January 5th 2008

9:31 PM

SETUPS FOR THE WEEK ...

STOCK TP ENTRY STOP
DGTL 2.22 1.74 1.58
PX 11.25 10.25 9.80
BPC 5.35 4.50 4.15

Due to a downtrending market, we can reasonably expect higher failure rates for setups. We can try to mitigate this increased risk with tighter stops but this is still no guarantee. Trading the above setups in this environment requires strict discipline, willingness to take a loss in case the setup fails, and the capability to execute rapidly. Remember to size your trades in line with your risk tolerance.

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