Iomega Corporation

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Wednesday, January 31, 2007

Market Update

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USD weakening a tad before the important cluster of data today and tomorrow.

Bunds are still below the important bullish trend line since 1994. This is not a fake break. US 10-year Treasuries are also close to major trend line support. Higher global yields = USD strength.

DAX making new highs. S&P500 also higher despite closeing below trend line support early this week.

Oil making a very strong reversal yesterday.

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