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(H18) Below 55-DMA Targets Double......>

SCHATZ TECHS
SCHATZ TECHS: (H18) Below 55-DMA Targets Double Daily Bottom
*RES 4: 112.325 High Apr 18 
*RES 3: 112.270 Monthly high Sept 7 
*RES 2: 112.240 High Dec 7 
*RES 1: 112.190 High Dec 11
*PREVIOUS CLOSE: 112.125
*SUP 1: 112.110 55-DMA 
*SUP 2: 112.094 100-WMA 
*SUP 3: 112.034 Bollinger band base 
*SUP 4: 112.025 Monthly Lows Oct 26 & Nov 30
*COMMENTARY: Downside follow through is lacking with H18 bouncing from the
55-DMA although bounces are beginning to lack momentum. Bulls need a close above
112.190 to ease bearish pressure and above 112.240 to reconfirm focus on
112.270-325. Correcting modestly O/B daily studies are less than ideal for
bulls. Bears continue to look for a close below the 55-DMA to end bullish hopes
and confirm immediate pressure back on the double daily bottom at 112.025.

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