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Non-Tech : Trading IOMEGA based on technical analysis
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To: Rocky Reid who wrote (1422)4/22/1998 12:57:00 PM
From: Carl Fritch  Read Replies (1) of 1511
 
RE: >>The stochastics on THIS chart
say IOM's due for a quick reversal downward.<<

Buy and sell signals are generated when the lines cross...preferably when the stock is overbought (less than 20) or oversold (greater than 20).

My analysis tells me the stock is not oversold or generating a sell signal with Stochastics.

If anyone cares to look at the past history on the chart they will see that this is true.

Carl Fritch
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