Trading IOMEGA based on technical analysis Message Board

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Non-Tech : Trading IOMEGA based on technical analysis

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To: Leo J. Capobianco, DO who wrote (1220)	10/21/1997
From: Leo J. Capobianco, DO	Read Replies (1) of 1511

Todays candlestick chart can be viewed also as bullish for the stock...After IOM's significant downtrend from 28 to 24, we have seen excellent volume, more buyers than sellers and hence a quick rise up to 26... today's candlestick chart can be viewed as a hammer(which is viewed as a bullish line if it occurs after a significant downtrend. A hammer is identified by a small real body (i.e. a small range between the open and the closing prices) and a long lower shadow (i.e. the low is significantly lower than the open, high and close.) The body can be empty or filled in. iqc.com Anyone care to differ....I don't think it is a hanging man because the downtrend from 28 to 24 was more significant than the last few days sharp rise.

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