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Recovery Efforts Fail Recovery..........>

CABLE TECHS
CABLE TECHS: Recovery Efforts Fail
Recovery efforts have been shallow so far, capped around the 1.2880 level,
suggesting that the bearish trend remains intact. The Nov 15 low of 1.2724
remains the focus as does up trendline support from the Aug lows at 1.2704.
Below here opens ytd lows at 1.2662. To reignite upside momentum, bulls need to
break above yesterday's high at 1.2883 and then the 100-dma at 1.3003. Above
here would open the Nov 7 high at 1.3175.

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