Mark J Lundeen
Since November 16th when the Dow Jones made its first BEV Zero since its -37.5% market bottom of last March, it has remained within 2.5% of its BEV Zero as well as making two additional new all-time highs. The current chaos resulting from...
For the 772nd time since January 1982, the Dow Jones closed at a new all-time high, or BEV Zero (0.00%) in its Bear’s Eye View chart below, the third since its 37% correction of last March.
On Monday November 16th, the Dow Jones made its first BEV Zero in the Bear’s Eye View Chart below since last February, but fell short of taking out 30K by about fifty points. With four days left in the trading week, one could be forgiven...
First up, and a few pages below, is the Bear’s Eye View for the Dow Jones going back to January 1982. As I see it, our current bull market began in August 1982 when the Dow Jones began an advance that took it above, and kept it above 1000...
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...
