Wow, what a week we have just been through. Markets have been really tossed around all week on basically one issue: Will we see a Lehman-like collapse for Deutsche Bank (DB) ? Of course, we had auxiliary issues like OPEC and oil, yields, the Fed and central bankers from all over the world chiming in constantly all week long, as well. However, the focus was on the possible collapse of Germany's biggest bank. Its shares closed up 14% on 10x the average trading volume for the last three months.
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We can see a bullish setup on the weekly chart.