Iomega Corporation

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Monday, July 17, 2006

Heavy Support Again Building at 645 - 648

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We were Analyzing very carefully right now.Our team is Preparing the Charting system for all you to study.

Right now we feel HEAVY SUPPORT at 645 - 648

If you all remember, there was 3 times hit at 646/648 level

And gold seems to hit that level again. And SOLIDIFY THAT LEVEL.

We feel Long term Holders of Gold were profit taking, cause they thought to book profits, due to rumours were heading in the market today RE: Israel - Lebanon.

Gold, so much in Over Sold Territory, that we feel a Push shall occur.

By Looking at present Geo-Political Situations, there shall ofcourse be heavy Interest arising right now.

We feel Asia to give a Solid Push to it, a Very good Buying Opportunity shall emerge.

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