Mark J Lundeen
The Dow Jones is making its third attempt since last August at closing above its BEV -5% line; closing in scoring position. If it closes above its BEV -5% line (34,959), it may go on to new all-time highs. If not? Well, let’s not get ahead...
A couple of weeks ago, the Dow Jones broke above its highs of last August. It was looking really good – a few weeks ago. Now a week before Christmas it appears Mr Bear has the bulls running the wrong way, with the Dow Jones closing below...
Last week closed with me feeling fairly optimistic on the future prospects for the Dow Jones; what with the Dow Jones closing above its highs of last August, above the red line in the BEV chart below. But a week can be a long time in the...
The trend is your friend, and right now the trend for the Dow Jones is up from its bottom of September 30th. Finishing the week just a hair away from closing in scoring position --> somewhere above its BEV -5% line. Why “scoring...
Let’s start off as usual, with the Bear’s Eye View (BEV) of the Dow Jones. This week the Dow Jones closed with a BEV of -8.30%, or 8.30% below its last all-time high. Last week it closed with a BEV of -8.29%, the difference being a...
Look at the Dow Jones in the BEV chart below. Since its BEV -21.94% low of September 30th, it’s advanced to a BEV -8.29% in the past thirty NYSE trading sessions. In dollar terms this is an advance of 5022 points; a nice advance indeed...
As October was an up month, pushing the Dow Jones BEV plot up ten, big BEV points (chart below), I really can’t complain the first week of November saw a bit of a correction in it, with the Dow Jones closing the week down from last Friday...
The low of our current bear market decline was last month; September 30th with a Dow Jones’ Bear Eyes View (BEV) of -21.94%. For the Dow Jones, a BEV of -21.94%, or a 21.94% decline from a bull market’s all-time high isn’t much of a bear...
Here’s a Dow Jones BEV chart going back to 1885. A Bear’s Eye View (BEV) chart displays the Dow Jones in terms of new all-time highs (0.0% / BEV Zero) and percentage claw-backs on those days the Dow Jones came short of making a new all-...
Last week I wondered if we were due for a bounce in the market. We were, but it lasted only to the close of Tuesday’s trading. From there it was all downhill for the rest of the week, the Dow Jones closing on Friday with a BEV of -20.93%,...
