Commentary: Near term price action does suggest that Cable decline extending. “The decline from 2.0101 is in its 3rd wave and has the potential to 1.9119, which happens to intersect with the March lows of 2007 at 1.9182. This bearish bias holds as long as price is below 1.9848.” A drop below 1.9483 would possibly complete a diagonal from 2.0101 and give way to a violent upward reversal. See our special report from Friday at Cable. Strategy: Bearish, against 1.9848, move target to 1.9450