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Bearish Outlook Yesterday's close.......>

CABLE TECHS
CABLE TECHS: Bearish Outlook
Yesterday's close below uptrend support from the Aug 15 low at 1.2888 and
subsequent reversal through 1.2820 has changed the short-term outlook bearish. A
break of 1.2750 confirms the bearish reversal and brings the ytd low at 1.2662
back into focus. Bulls need a sustained rally back above 1.29 to allow them to
target the 50-dma which is acting as near-term resistance at 1.3020. A break
here would confirm a solid base is forming, opening the August highs at 1.3143.

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