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Non-Tech : Iomega Thread without Iomega

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To: James Strauss who wrote (3921)11/12/1998 3:23:00 PM
From: James Strauss  Read Replies (2) of 10072
 
Technically Speaking...

The long term trendline in the 6 3/4 to 6 7/8 area goes back 2
years... It was broken during the lows of the last correction... It
has since been penetrated to the upside before going to 9.00 on
a closing basis... It has now retraced 37 1/2% of its recent gains...
This, in conjunction with the long term trendline tells me we are
in buying territory...

bigcharts.com

Note the positive MACD... In the past, positive MACD has
coincided with rising stock prices...

Jim
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