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Bulls Need To Clear 100-DMA Last.......>

CABLE TECHS
CABLE TECHS: Bulls Need To Clear 100-DMA 
Last week's gains came up against resistance at the 100-dma, and a close above
here (currently at 1.3039) is needed to extend the rally towards
support-turned-resistance from the Aug low which comes in around 1.3080. Above
here opens the Oct 16 low at 1.3141. Failure to close above the 100-dma would
give bears an opportunity to close back below 1.30, which would return the focus
to 1.28. Below here turns the outlook negative, opening the ytd lows at 1.2662.

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