Mark J Lundeen
The last two weeks have been hard on the bulls, still at this week’s close, the Dow Jones closed in scoring position, or where its BEV value is somewhere between -0.01% and -4.99%. So what? Only that if someone is bullish on the stock...
The Dow Jones saw some downward pressure this week. Nothing serious as it closed the week with a BEV of -2.33%, still deep in scoring position. In my BEV charts, I always include a table giving the point values for the important BEV...
This week, the Dow Jones saw new all-time highs, the 25th & 26th of the current advance. These new all-time highs followed a thirty-seven-trading day correction, that took it down, just a tad below scoring position for five, of the...
In the three weeks since my last article, the Dow Jones has seen some drama, as evident in the BEV chart below by it making a move to break below its BEV -5% line, thus closing outside of scoring position (-0.01% to -4.99%). Actually, on...
For the benefit of my newer readers, I’m going to do a quick review of the Dow Jones in the Bear’s Eye View (BEV), by looking at the Dow Jones from 1885 to the close of this week in the Bear’s Eye View.
Two weeks ago, on the last trading day in March, the Dow Jones closed at a BEV Zero. In the following ten NYSE trading sessions, Mr Bear has almost knocked the Dow Jones out of scoring position, closing the week with a BEV of -4.58%.
Oh oh; the Dow Jones may have closed last week at a BEV Zero, but then broke below its BEV -3% level this week, closing the week with a BEV of -2.27%. Is the rally over? It may be, but until the Dow Jones actually breaks below its BEV -5...
For good or bad, this is a market that wants to go up. How could an advancing stock market be bad? If the money pouring into it is coming from the Federal Reserve, pumping monetary inflation into it – ultimately that will be bad when...
This week (Wednesday & Thursday) added two more Bear’s Eye View (BEV) Zeros (new all-time highs) to the Dow Jones’ BEV chart below, numbers 22 & 23 of the current advance, and closed the week deep into scoring position, with a BEV...
Once again, no BEV Zeros / New All-Time Highs this week for the Dow Jones, and there haven’t been for almost a month, since February 23rd. So, is the advance over? To answer that question, I’m going to look at the Dow Jones’ BEV chart...
