Friday, September 7, 2007

090707 - DELL - Observation




  • Above is DELL that I observed today
  • I spotted the Inverted Hammer first on the 5min chart
  • I was too sure if it was an entry signal because when I flipped over to the 10mins and 15mins, the signals (if there were any), were not that convincing. (I always tried to get entry confirmation from 2 other timeframes charts.)
  • As I watched DELL continued its downward movement, I thought about an entry when prices broke the Opening Low.
  • Again, I chose not to enter mainly because the 5eMA seemed a bit too far away
  • It was history from that point on
  • It just kept falling


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