Correcting After Move Back Towards......>

CABLE TECHS: Correcting After Move Back Towards The Oct 6 Base At $1.3027

*RES 4: $1.3240 Nov 1 low, now resistance

*RES 3: $1.3214 61.8% Fibo of $1.3322-$1.3039

*RES 2: $1.3180 50% Fibo of $1.3322-$1.3039

*RES 1: $1.3147 38.2% Fibo of $1.3322-$1.3039

*PRICE: $1.3110 @1320GMT

*SUP 1: $1.3060 Hourly support

*SUP 2: $1.3027/39 Oct 6, intraday lows

*SUP 3: $1.2983 76.4% Fibo of $1.2774-$1.3659

*SUP 4: $1.2963 38.2% Fibo of $1.1838-$1.3659

*COMMENTARY* Rally reached $1.3322 on Wednesday, just shy of $1.3338-$1.3343,

the Oct 13 high and a 50% Fibo retrace level. As a result, we have subsequently

seen a sharp fall which has taken us nearly back to the Oct 6 base at $1.3027. A

low of $1.3039 before encountering some near term oversold conditions. The move

back above $1.3080-$1.3100 allows some correction, $1.3147 next. Support $1.3060

protects $1.3027 and potentially the congested $1.2983-$1.2963 area.