Currently Correcting Recent.............>

CABLE TECHS: Currently Correcting Recent $1.2774-$1.2979 Gains

*RES 4: $1.3022 50% of $1.3269-$1.2774, Aug 14 high

*RES 3: $1.2979 Aug 29 high

*RES 2: $1.2955 Hourly recovery highs Aug 29

*RES 1: $1.2938 Aug 30 high

*PRICE: $1.2897 @0844GMT

*SUP 1: $1.2874 Aug 28 low

*SUP 2: $1.2852 61.8% Fibo of $1.2774-$1.2979

*SUP 3: $1.2822 76.4% Fibo of $1.2774-$1.2979

*SUP 4: $1.2774 Aug 24 low

*COMMENTARY* The recovery faltered on Tuesday at $1.2979, shy of a test to the

upper 1% volatility band and the next Fibo retrace, the 50% at $1.3022. Downside

now exploring support below $1.2900, sustained break lower will have the

capacity to reach $1.2874-$1.2822 as we correct the recent gains from the Aug 24

low at $1.2774, just above the key 76.4% Fibo retrace at $1.2749. Meanwhile,

back above $1.2938-$1.2955 needed to boost near term hopes.