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

To: E. Graphs who wrote (1296)	1/7/1998 12:37:00 PM
From: Ben Antanaitis	Read Replies (4) \| Respond to of 1511

E, On my 'trader scaled' EZ-PnF chart, we had a turn around from uptrend column ('X') to a downtrend column ('O') when we went through 12.75. On the chart, there is a weak support point at 12.25 and a strong support point at 12. If the pattern that IOM has been following of higher lows each time it dips then a test of 12 isn't out of the question. But I believe that it will bounce off of 12 if it goes there. But there is 'good' news. Based on the 'vertical count' of the last uptrend column, there is an upside price target of 17. The 'investor scale' EZ-PnF chart still just says 'up'. The other TA signals look like it's trying to turn up. And on a DOW down 100+ day..... Ben A.