Mark J Lundeen
My last article was two weeks ago with the Dow Jones’ BEV closing the week at -4.11%. This week the Dow Jones closes with a BEV -4.16%. Boring stuff, until you realize that in-between these two Fridays the Dow Jones twice actually broke...
The Dow Jones remains range bound in the BEV chart below, though at week’s close it was in scoring position; <5% from making a new all-time high. But since August (three months ago) we’ve been here before, and so far the bulls (the...
The Dow Jones continues trading in a tight range in its BEV chart below. For the past three months it refuses to rise up to a new all-time high, and is incapable of deflating below its BEV -10% line. The longer the Dow Jones remains in...
I used to subscribe to Richard Russell’s Dow Theory Letter. I consider my actual education on markets began with Mr. Russell’s market comments. My inspiration for my Bear Eye View (BEV) charts came from one of his letters, published...
Again this week, the Dow Jones avoided closing below its -10% line in its Bear’s Eye View chart below. If next week it rises up into scoring position (above its BEV -5% line), and advances toward its current high of the move (-1.53%), the...
Gold and the Dow Jones have one thing in common; since their recent highs, the bears have yet to force them to correct by double digit percentages. For gold, whose last BEV Zero was on August 6th ($2,061.44), two months have passed since...
I need to take a break in my market commentary. The markets are boring me to death, and I fear most of my readers are finding reading my commentaries as boring as I do writing them. So I’m going to take the next two weeks off, and will...
The Dow Jones Index closed the week in scoring position; that is within 5% of its last all-time high in its BEV chart below. Closing this gap, and once again making new BEV Zeros in the BEV chart below is almost a guarantee in the weeks...
Charlie Munger called Warren Buffett a “jerk”; really? Well, Mr. Buffett recently did take a big position in Barrick Gold.
This week the Dow Jones closed at a new high for the move, from its -38% bottom of last March. At week’s end, it has fallen short of breaking above its BEV -5% line. So, the Dow Jones isn’t in scoring position just yet, but maybe that’s...
