Mark J Lundeen
The stock market saw some action this week. On Tuesday the Dow Jones moved over 3% intraday, but closed only -1.74% from Monday’s closing price, so I didn’t count Tuesday as a day of extreme volatility. Other than that, it was a fairly...
This market is beginning to remind me of boot camp; a “hurry up and wait” market. Waiting for what they’d never tell you, but I will. The bulls are waiting for the Dow Jones to break above last February 26th‘s -3.41% in the BEV chart below...
I didn’t miss anything by skipping last week’s posting. The Dow Jones saw its latest correction bottom on March 23rd declining to -11.58% in the BEV chart below. Since then the Dow Jones has oscillated from just below -10% and up to the -8...
The Dow Jones Index was up for the week with its BEV plot below closing above its -10% line. Nothing wrong with that as it enters its third month correcting from its last all-time high of 26,616 of January 26th. As double digit corrections...
There comes a point in every major-market advance where one has to decide whether or not the best the market has to offer is in the past, and it’s now time to GET OUT. Of course one may be wrong in their timing of a market top. There is...
Since February 8th when the Dow Jones broke below its -10% BEV line in the chart below, it’s been building a pennant formation. I don’t know how significant it will be when the BEV plot breaks above or below the pennant, as technical...
Looking at the market at the close of this week, apparently the “policy makers” have once again gotten a handle on the financial markets. In the Dow Jones BEV chart below it did correct 10%; but only for one day, February 8th, with the Dow...
I was going to take another week off, but then this week seemed worthwhile to comment on. For one thing, the current correction is obviously different from the others seen in the Dow Jones’ BEV chart below. From a BEV Zero to a 10% decline...
Here’s something we don’t see every day; the Dow Jones correcting over 10% in just nine trading days (January 26th to February 8th), then snapping back 5% in the next five. And the violence of the 10% decline, seen in Mr Bear’s report card...
Two Friday’s ago, (January 26th) the Dow Jones made its latest BEV Zero, new all-time high. Nine trading days later (Thursday Feb 8th) it broke below its BEV -10% line in a very dramatic fashion.
