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(Z17) Immediate Focus On 112.150.......>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Immediate Focus On 112.150
*RES 4: 112.285 High Nov 15 
*RES 3: 112.265 21-DMA 
*RES 2: 112.240 Low Oct 27 now resistance 
*RES 1: 112.220 High Nov 23
*PREVIOUS CLOSE: 112.190
*SUP 1: 112.150 Low Oct 25 
*SUP 2: 112.109 100-DMA 
*SUP 3: 112.105 Low Oct 6 
*SUP 4: 112.065 Monthly Low Sept 21
*COMMENTARY: The sell-off from Oct highs has resulted in a close below the
55-DMA (112.205) & 112.195 with immediate focus shifting to 112.150 and overall
focus to 112.065-109 where the 100-DMA and monthly lows are situated. Below
112.150 adds weight to the bearish case. Bulls now need a close above 112.240 to
ease bearish pressure and above 112.285 to return focus to 112.315. Daily
studies approaching O/S is a concern for bears but 112.240 is key today.

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