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(Z9) Bear flag *RES 4: 112.565 High....>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Bear flag
*RES 4: 112.565 High Sep 6 high
*RES 3: 112.520 High Sep 10 and 12
*RES 2: 112.409 Trendline resistance drawn off the Sep 3 high
*RES 1: 112.250 High Sep 17
*PRICE: 112.202 @ 03:44 GMT Sep 18
*SUP 1: 112.165 Low Sep 13
*SUP 2: 112.115 3.000 projection of Sep 6 - Sep11 decline from Sep 12 high
*SUP 3: 112.032 3.618 projection of Sep 6 - Sep11 decline from Sep 12 high
*SUP 4: 112.000 Round number support
Z9 Schatz is consolidating. This phase appears to be developing into a bear flag
formation, a continuation pattern that reinforces the underlying bearish theme,
particularly following the steep slide Thursday. Support at the 2.618 projection
of the Sep 6 - Sep 11 decline from Sep 12 high, at 112.167 is holding for now
with only a brief test below it Friday. A break of Friday's 112.165 low would
open 112.167/032. Trend resistance is at 112.409.

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