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: Herb Fuller who wrote (1462)	6/14/1998 12:12:00 AM
From: Herb Fuller	Read Replies (1) of 1511

Re:>>> Interesting Point of View <<< Russell 2000 Index closed below its 200-day moving average - a bearish sign, an indication that many of the small cap stocks are down substantially. Next level of support is at 435. 30-year Treasury bond yield closed at 5.66%, slightly below January low. Lower yields are likely to provide support to stocks. trading-ideas.com How much farther can the tech stocks go down before we see a bottom ? Can the drop in interest rates be enough to to stall the trashing of the tech stocks ? We know that sales are soft at this time and this is the excuse the traders are giving for this down market . But that being said , I believe that there are many good companies that are being trashed today that will be real winners in the next up market . Good luck to All , Herb

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