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Non-Tech : Trading IOMEGA based on technical analysis -- Ignore unavailable to you. Want to Upgrade?

To: Michael Coley who wrote (1288)12/22/1997 4:20:00 PM
From: Gregory Cole Brock  Read Replies (1) | Respond to of 1511
 
Michael,

My experience is that SAR works just like it did before the split. If you bought a 1000 shares at 30 and it goes to 20, splits to 10 then goes to 15, you are still thrilled to get your money back and have a tendency to sell at 15, hence resistance. Same for support. Look at INTC bouncing off the support at 69-70 which was in place presplit.

Greg



To: Michael Coley who wrote (1288)12/22/1997 4:31:00 PM
From: E. Graphs  Respond to of 1511
 
Michael,

FWIW
In my experience I find that these levels usually remain the same (albeit at the new numbers) and will continue to effect share price/action.

JM2C
E



To: Michael Coley who wrote (1288)12/22/1997 5:04:00 PM
From: Ben Antanaitis  Read Replies (1) | Respond to of 1511
 
Michael,

On the EZ-PnF charts, in 2%scale, everything just moves to 1/2 the prior value... support and resistance.. patterns stay the same.

Ben A.


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