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Can't Catch A Break Cable has come......>

CABLE TECHS
CABLE TECHS: Can't Catch A Break
Cable has come under downside pressure again as the rally above Friday's high
and the 21-dma was quickly reversed  yesterday at around last week's highs of
1.2936, which is now pencilled in as a near-term top. A break above here would
expose 1.2958 (the July low) ahead of the 50-dma at 1.3060. Bulls will watch a
close above here to suggest a solid base is forming. Failure to hold 1.2800
would see downside momentum build with bears targeting the 1.2750 level and Aug
15 low at 1.2662.

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