Its in the techniccache folder. Type %appdata% in the run box, then select the .technic folder, you should then find the cache folder. Delete everything in this folder.
Make sure there are no old versions of java on your system. Also you can check "java -version" and make sure it pulls the 7.21. Check video drivers and .net are up to date. Other things to try, run in admin mode, with av disabled, and firewall down.
So I found a fix, your going to love this. I downloaded someone else pack, made sure it worked (or at least unzipped). Then I deleted everything out of the zip and put my folders in its place. Then I renamed the zip and uploaded it to drop box. Ran the technic launcher and the mod pack worked just fine. So the problem was the zip file itself that was made with winzip. Go figgure....
Update Java.. I was able to download the pack, and it installed, but does not work. Also I noticed there are no coremods in the pack (not sure if this one needs it). However the FML is not loading when minecraft starts, so the modpack.jar might not be right.