DB is going to be tuffer to guage. Banks in general actually. They are similar to the precious metals sector. They tend to leave highs that "should be" breached but fail to do so. Gold is easy to figger out. It has been "telegraphing" the coming GREAT deflation since 2011. The banks failed to even come close to pre 2008 levels. Why is that? becuz the Wall St moneyrunners understand that the very entities they work for are already bankrupt. Here's BAC, which will be the first money center bank to go belly up. It "should" trade thru 25.90...but will it? I certainly wouldn't bet on it.
DB is going to be tuffer to guage. Banks in general actually. They are similar to the precious metals sector. They tend to leave highs that "should be" breached but fail to do so. Gold is easy to figger out. It has been "telegraphing" the coming GREAT deflation since 2011. The banks failed to even come close to pre 2008 levels. Why is that? becuz the Wall St moneyrunners understand that the very entities they work for are already bankrupt. Here's BAC, which will be the first money center bank to go belly up. It "should" trade thru 25.90...but will it? I certainly wouldn't bet on it.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=bac&x=50&y=11&time=13&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11