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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Naggrachi who wrote (41762)	12/30/1997 8:33:00 PM
From: KM	Respond to of 58324

TA read using various methods: Tuesday's price action in Iomega was a little more positive than it has been since 12/19 when the recent low occurred. Tuesday's close turned both the MACD and stochastics derivation I use positive and it closed above the short term simple DMA for the first time since 12/2. My main overbought/oversold indicator bottomed at extreme values on 12/11 and 12/18, which accompanied with the spike bottom on 12/19. The 12/19 spike low of 11 1/16 also held above important time/price objectives of 11.00-11.49 and a prominent Fibonacci level range of 11 1/4-11 5/8. Today's high held right at the 10 day SMA, but price would have to drop off Wednesday to stay below it. The price action is beginning to hint toward my two objectives for a reaction rally of 13 5/8 and 14 5/8; a best guess at the short term wave picture is for a rally toward those levels followed by a retest or possibly a double bottom with the 12/19 low before a more substantial rally. Obviously, turning the ST trend lower in the next couple of days would threaten the 12/19 low and project to ~ 10 5/8, based on the current daily data. Timing-wise, a fair guess would be for a minor turn on about 1/5 and again on about 1/15. I would be interested in Ben Antanatis' (hope I spelled your name right , Ben) point and figure read to see if it coincides with mine. Of course, none of this is to be used as investment advice - please do your own research/due diligence and make your own decisions)