Plus to damage experiment

[Xanthix]

In a somewhat related note, I'm going to be testing how Resistances affect spell damage.  It's been previously said that 1 Resistance is equivalent to 0.01% negation; hopefully I'll be able to test this as well.
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Does that make sense? Wouldn't that mean that 100 resistance is only 1% damage reduction? I know Blizzard has said they don't want people walking around with max resistances and immune to spell damage, but 1% seems a little low. :)