Iomega Corporation

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Thursday, August 10, 2006

SUPERB CORRECTION

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We are so much happy of such a Superb Correction.
Now we see the past fundamental Support has been kicked out, and Technical Support has emerged.
635 level was an Amazing support.
What a lovely curve the Chart has presented.

Now the Main Activity today is the US DATA coming out at 12:30 GMT
Advance Retail Sales
Business Inventories.

MAIN ONES, if this comes in Favourable for Gold.
We could see it shall cross the previous Resistance level

Technically we see a Push should come now upward, and as we type we see a Good Movement.
Good Liquidty present in Asia Trading right now.
New Buying Opportunity Arising.
645 Cross going to 650 level
653 Cross going to 658/660

However, Asia has moved around $6 up right now as we speak (1:25 GMT)
In Europe trading scene, they could be waiting for US Data, as well as NY Traders and then reacting after that.

Be here, Keep Visiting.
Remember, clients, we will bring you so much more..
And Have a Nice friendly relationship with yourself :)
Cheers, Weekend is near, Shall we say Relaxing time for All :)

We shall Advice further

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