This guy has been on every TV channel (Fox, CNBC, Bloomberg, etc.) saying that a market crash was coming and that investors should take their money off the table... What a loser. If I was his boss, I would fire him right away!!! I cannot believe that some people are negative on the market and trying to scare off people of this greatest bull market of the whole History. Pisani wrote in his blog that people will be talking about this goldilock period in history books in 10 years.
This Marc Faber is a loser and he should apologize for having been wrong for so long. He is trying to become the new bogeyman.
I studied the chart using candlestick and the 50, 100 and 200 days moving average. By looking at the 50 days moving average, everytime DIA goes above it (as it is now), it corrects itself back below the 50 days moving average. I sense at least a minor correction this coming week.
DIA is getting way ahead of it self on the 200 days moving average. I sense a correction of 5 to 10 percent coming soon.