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[PIK.]

The Bank Index so far this week has cleared an imporant S/R level on the longer term chart as well as a longer term declining t-line showing money flow into this area. This is also evident in the price relative to the overall market. There still is some work here to remain constructive on a longer term basis, however, the price structure shows good improvement and the potential for more gains. If continued follow-through can occur it will add additional support for the current uptrend while this area of the market tries to turn around. Click on chart to enlarge