Recent

% | $
Quotes you view appear here for quick access.

SPDR Dow Jones Industrial Average ETF Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • numberelevenslave numberelevenslave Feb 17, 2007 1:08 PM Flag

    Marc Faber

    what is causing the market to go up like this? I heard that the Dow Jones Industrial rocketed up 100 points the other day. Do you know why? And, more importantly, do you know if it will happen again?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Your guess is good as mine.

      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.

 
DIA
185.51+0.53(+0.29%)Jul 22 4:00 PMEDT