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

To: E. Graphs who wrote (44773)	1/23/1998 2:34:00 AM
From: Gottfried	Respond to of 58324

E, >A LOT of TA is based on closing numbers. These should be legitimate closing numbers. < Right! To compare apples to apples ALL end-of-day prices should be at 4pm. Unless someone wants to manipulate Friday's market by giving non-standard closing prices for Thursday. Friday morning a lot of people look at these. GM

To: E. Graphs who wrote (44773)	1/23/1998 9:20:00 AM
From: FuzzFace	Read Replies (1) \| Respond to of 58324

E. The "unofficial" close (presumably 4pm) was 12 3/4. What is the definition of the "official" close, and what was it yesterday? The simplest method for determining the drop from the neckline in a H&S breakdown is to measure the distance from the top of the head to the neckline once broken. Thus 16 1/2 - 11 = 5 1/5. 11 - 5 1/2 = 5 1/2. This puts IOM at 5 1/2 some time in the future. This is just one method, and not all broken stocks go down that much, but most do (so say Magee & Edwards.) But 5 1/2 seems too extreme to me, putting IOM's trailing PE at 12 or so. What say you? You are more experienced with TA and have no doubt read some of the more sophisticated methods. Where do your charts say IOM's bottom is? Or do you just ignore them and wait for a buy signal?