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(Z18) Bearish Trend Intact For Now.....>

SCHATZ TECHS
SCHATZ TECHS: (Z18) Bearish Trend Intact For Now
*RES 4: 112.130 High Jul 2 (Continuation chart) 
*RES 3: 112.020 High Aug 20 
*RES 2: 111.970 High Sep 3 
*RES 1: 111.954 55-dma 
*PREVIOUS CLOSE: 111.885 
*SUP 1: 111.850 Low Aug 1 (Continuation chart) 
*SUP 2: 111.845 Low May 15 (Continuation chart) 
*SUP 3: 111.830 Low Apr 24 (Continuation chart) 
*SUP 4: 111.805 Low Mar 9 (Continuation chart) 
Despite yesterday's strong rally in the Dec-18 Schatz the bearish trend remains
intact below the 55-dma at 111.954. Bulls need to overcome this level to mount
an assault on the Sep 3 high and shift the outlook bullish. Bears continue to
look for a close below the Aug 1 low to build on the downside momentum.

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