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