Interesting clarification.I noticed that with 110 fire resistance if I let an imp mage hit me with his stream of fireballs,that only about 1 out of 10 actually damage me.Also the amount of damage is low:just a couple of hit points.I can only see my health go down when there are a bunch of them.
Does resistance only affect the amount of damage or also the chance of being hit by an elemental attack?