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Triangle Formation Intact Cable.........>

CABLE TECHS
CABLE TECHS: Triangle Formation Intact
Cable continues to respect down trendline resistance from the March 13 high,
keeping the near term outlook neutral for now. Bears' focus is on the triangle
base support area around the 1.30 level, with a break below here opening the 
200-dma at 1.2968. Below here brings the Mar 1 low & 100-dma at 1.2949/48 into
play. On the upside a close above the Apr 12 high at 1.3133 gives control back
to the bulls, targeting the 50% retracement level & Apr 3 high at 1.3180/96. A
clean break would suggest a large bottoming pattern is playing out.

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