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Non-Tech : Trading IOMEGA based on technical analysis
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To: Michael Coley who wrote (1350)1/29/1998 5:54:00 PM
From: Herb Fuller  Read Replies (1) of 1511
 
Michael , Re>>>Comments anyone?<<<

Michel , I will try to explain my IOM candlestick reading of the last few days .

IMO I have seen various bottom candlestick formations in IOM , two inverted black hammers a Doji, and today we confirmed the the formations with a white candle . There is a high probability that we have seen the low for this down trend .

But after saying the above I will add that weekly and monthly patterns are more reliable than the daily patterns that I am trying to interpret .

Herb
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