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SPDR Dow Jones Industrial Average ETF Message Board

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  • 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?

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    • 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.

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