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(U18) 21-DMA Under Threat *RES 4:........>

GILT TECHS
GILT TECHS: (U18) 21-DMA Under Threat
*RES 4: 127.00 Measured move from triangle breakout 
*RES 3: 124.67 High May 29 
*RES 2: 124.27 High July 20 
*RES 1: 124.07 High Aug 17 
*PREVIOUS CLOSE: 123.37
*SUP 1: 123.16 Low Aug 14 
*SUP 2: 123.12 21-DMA 
*SUP 3: 122.62 Low Aug 7 
*SUP 4: 122.26 Low Aug 3 
Bears are firmly in charge following this week's large declines with the Aug 14
low at 123.16 and 21-dma at 123.21 the next downside targets. Below here, the
August lows would come into play. For bulls to regain control, a recovery above
the May 29 spike high of 124.67 will be required, but this looks an unlikely
prospect as short-term momentum turns negative. 

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