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Non-Tech : Trading IOMEGA based on technical analysis
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To: Gregory Cole Brock who wrote (1289)12/22/1997 4:31:00 PM
From: Michael Coley  Read Replies (1) of 1511
 
RE: Post-Split Support and Resistance.

>> My experience is that SAR works just like it did before the split. <<

I can see that for people who are looking for specific percent returns, but I'm wondering if there was also some resistance due to specific dollar amounts. For instance, $35 sticks in my mind as the secondary price. $17 1/2 doesn't seem anywhere near as intimidating even though it's really the same.

Thanks for the Intel example. That lends support (no pun intended) to your view.

- Michael Coley
- i1.net
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