Mark J Lundeen
The Dow Jones closed this week with a Bear’s Eye View of -7.62%, meaning the Dow Jones closed 7.62% below its last all-time high, seen on 04 December 2024; 45,014. Okay, so what?
This was a bad week for the stock market. A week that saw the Dow Jones break decisively below its BEV -5% line, and almost did the same for its BEV -10% line on Thursday’s close. What is there to say?
Occasionally, for the benefit new followers of my market commentary that come my way, I must write a tutorial on the Bear’s Eye View (BEV) plotting system. First thing I need to answer is; why even bother with a BEV plot? Since the...
Last week, we were wondering whether the Dow Jones could manage staying above its BEV -5% line in its BEV chart below. This week it closed with a BEV of -2.61%, a nice advance above last week’s close.
Today, Friday, the market saw some selling pressure. Why would that be? I don’t know, and neither does anyone else. Though “market experts,” to be sure knew why there were more sellers than buyers. Actually, there is always as many...
Every day this week, the Dow Jones closed in scoring position; Bear’s Eye View values spanning from -0.01% to -4.99%, closing the week with a BEV of -1.04%, or only 1.04% away from its last all-time high of 45,014.04, seen on December 4th...
I’m going to start with the Dow Jones below, plotted in the Bear’s Eye View, or the BEV View. What is the Bear’s Eye View? The BEV View ignores prices. Instead, it compresses price data into a range of only 100 percentage points...
The Dow Jones this week closed at its 51st BEV Zero (New All-Time High = 0.0% in a BEV Chart), since it entered scoring position a year ago, in early November 2023. The first of these BEV Zeros was at 37,090 on 13 December 2023.
The Dow Jones all this week, closed daily in scoring position in its BEV chart below, between the BEV 0.0% and -5.0% lines, closing on Friday with a BEV of -1.91%. Which leads me to believe the Dow Jones, my proxy for the broad stock...
What a week for the Dow Jones, and gold. Though looking at their Bear’s Eye View charts, nothing dramatic happened this week, as seen in the Dow Jones BEV chart below.
