Iomega Corporation

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Friday, June 16, 2006

Technical Analysis - APPROACHED FOR THIS WEEK - SUPERB

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As i mentioned earlier gold will end today at around 578 but it ended at 580ish level, Which was just $2 away from my Analysis.

As i mentioned earlier 570 would be the base, but it went 567 level. And my Analysis and study told me the Any Base which has been selected, it wil go little $2 - $3 down and then back.

Let me give a TECHNICAL Analysis, and judge me if i am true or no, i will Appreciate your kind comments.

Many people said few weeks back - 640 will be the base, and yes it did hit it many times, When it hit 640 Level first time, it went $3 down, if you remember at 637 level, and then back up

lets take very recently example, what was Daily Chart 200 Day moving Average Level, it was 545.
But it went around 541.85 level and then Pumped it towards Upwards.

So as Being little Professional, i would say try to keep such Eyes on it as well.

I am right now Studying a Little hard for next week, As this week, what i judge, and what my Studies told me did happen,


I hope some respected friends also made good profit.

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