Thrift Savings Plan

[frenchee]

An Update on the Banking Index ... Watch what happens to banks ...

They say that an economy cannot flourish without healthy banks that are actively engaged in lending.

By their nature, banks are more conservative and they are supposed to be. But greed often turns bankers into speculators and safe practices are pushed aside.

So, it is in our interest to keep an eye on what is happening to the Banking Index. An updated 15 month chart of the Banking Index was posted this morning. When looking at it, note that the Banking Index has not made a higher/high yet ... in other words, the current level at label 3 is lower than the prior level at label 2. This poses a possible danger condition and that would be if the Banking Index never did make a higher/high and turned down instead.

The risk with that kind of move would be the formation of a "Head & Shoulder pattern". If such a pattern proves to be the case, then the implications would be for the Banking Index to have a very unpleasant pull back.

Please click on the link below for today's complete commentary and chart:
http://www.stocktiming.com/Tuesday-DailyMarketUpdate.htm

Marty Chenard