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(Z17) Looking A Little Heavy *RES 4:...>

SCHATZ TECHS
SCHATZ TECHS: (Z17) Looking A Little Heavy
*RES 4: 112.260 Hourly resistance Sept 8 
*RES 3: 112.225 Hourly support Sept 12 now resistance 
*RES 2: 112.205 High Sept 14 
*RES 1: 112.165 Low Sept 7 now resistance
*PREVIOUS CLOSE: 112.120
*SUP 1: 112.115 Low Sept 18 
*SUP 2: 112.090 Low Aug 25 
*SUP 3: 112.067 Bollinger band base 
*SUP 4: 112.015 Low Aug 17
*COMMENTARY: Bears took comfort in a close below the 21-DMA (112.168) Friday
that sees immediate focus on 112.090. Bears need a close below 112.090 to shift
focus to tests of the 111.981-112.015 region where the 55-DMA is situated. Daily
studies have room to move before O/S is an issue. Initial resistance is noted at
112.170 with bulls needing a close above to ease bearish pressure. Bulls need a
close above 112.225 to shift focus back to 112.285-294.

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