1% Volatility Band Ahead Of Next........>

CABLE TECHS: 1% Volatility Band Ahead Of Next $1.3709-$1.3741 Targets

*RES 4: $1.3804 61.8% Fibo of $1.5020-$1.1838

*RES 3: $1.3741 3 month bull channel top projection

*RES 2: $1.3709 1.618 swing of $1.3613-$1.3458

*RES 1: $1.3693 1% volatility band

*PRICE: $1.3688 @1645GMT

*SUP 1: $1.3610/15 Hourly support

*SUP 2: $1.3585 Previous highs Jan 8-9, now support

*SUP 3: $1.3565 Initial intraday recovery high, now support

*SUP 4: $1.3538 Intraday low

*COMMENTARY* Those who were writing cable off yesterday were not giving credit

to the power of $1.3457-$1.3467 support. A low of $1.3458 before rising swiftly

and eventually through that previously troublesome $1.3585 resistance. Has

subsequently broken above the year's prior $1.3613 high and then last year's

$1.3659 peak. The 1% volatility band at $1.3693 now the bar to $1.3709-$1.3741

rise. Support $1.3615-$1.3610 and then that $1.3585 area.