Mark J Lundeen
The Dow Jones continues in an annoyingly tedious manner, where it refuses to go up or down as it hugs on to its BEV -10% line for dear life in the BEV chart below. It’s been this way for over a month. So we continue watching the Dow...
On June 8th the Dow Jones increased to a BEV -6.70%, and so far that has been the peak in the advance off its March 23rd’ BEV -37.09% bottom. Since early June (the last twenty-eight NYSE trading sessions) the Dow Jones has oscillated...
Since June 11th (the past month) the Dow Jones continues struggling with what it’s to do next; break above and stay above its BEV -10% line, or break below and stay below its BEV -15% line.
This week the Dow Jones broke below its BEV -15% line, something not seen since May 27th when the Dow Jones broke above this critical level. Looking at the advance off the Dow Jones’ BEV -37% level since March 23rd, a correction in this...
I usually begin with a Bear’s Eye View, or BEV chart of the Dow Jones, but exactly what is a BEV chart? It’s a view of the Dow Jones as Mr Bear sees it; with each new all-time high registering as a 0.00%, aka BEV Zero. That is how Mr...
I had excellent timing for my vacation, with not much happening until this week; and what happened this week? On Monday’s close the Dow Jones came within 7% of its last all-time high (BEV Zero). What could go wrong and prevent the Dow...
This week (circle below) the Dow Jones’ daily closes were within 1.30% of each other, as the 24,750 line of resistance held against the bulls’ second assault against it in a month.
The Dow Jones is on the rebound from its March 23rd BEV -37.5% bottom; the bottom of one, if not the steepest percentage decline in Dow Jones history. So far its BEV 17.5% line in the BEV chart below has been the first line of resistance...
Some may look at the chart below comparing our present market decline to that of the Great Depression’s Dow Jones bear market and see an element of hyperbole in it. But before this bear market sees its ultimate bottom, I won’t be the only...
The week closed with the Dow Jones’ BEV -17.5% line of resistance holding, though on Wednesday the Dow Jones did close above this critical level, for a few hours anyway. Friday’s close found the Dow Jones at its lows for the week. But...
