Mark J Lundeen
The Dow Jones’ last all-time high (BEV Zero) in this BEV chart was on May 17th, over a month ago. That seems like a long time, maybe the advance that began last November is over. Well, if someone wanted to next week begin selling all...
What’s to say about the Dow Jones at this week’s close? It is still in scoring position in its Bear’s Eye View chart below. For that reason, it’s best assuming the advance that began last November, when the Dow Jones first closed in...
With the Dow Jones closing the week with a BEV value of -3.01%, the advance in the Dow Jones remains intact. Note below how the Dow Jones declined below its BEV -5% line, by just a bit, five times in April before it went on to two new BEV...
The last two weeks have been hard on the bulls, still at this week’s close, the Dow Jones closed in scoring position, or where its BEV value is somewhere between -0.01% and -4.99%. So what? Only that if someone is bullish on the stock...
The Dow Jones saw some downward pressure this week. Nothing serious as it closed the week with a BEV of -2.33%, still deep in scoring position. In my BEV charts, I always include a table giving the point values for the important BEV...
This week, the Dow Jones saw new all-time highs, the 25th & 26th of the current advance. These new all-time highs followed a thirty-seven-trading day correction, that took it down, just a tad below scoring position for five, of the...
In the three weeks since my last article, the Dow Jones has seen some drama, as evident in the BEV chart below by it making a move to break below its BEV -5% line, thus closing outside of scoring position (-0.01% to -4.99%). Actually, on...
For the benefit of my newer readers, I’m going to do a quick review of the Dow Jones in the Bear’s Eye View (BEV), by looking at the Dow Jones from 1885 to the close of this week in the Bear’s Eye View.
Two weeks ago, on the last trading day in March, the Dow Jones closed at a BEV Zero. In the following ten NYSE trading sessions, Mr Bear has almost knocked the Dow Jones out of scoring position, closing the week with a BEV of -4.58%.
Oh oh; the Dow Jones may have closed last week at a BEV Zero, but then broke below its BEV -3% level this week, closing the week with a BEV of -2.27%. Is the rally over? It may be, but until the Dow Jones actually breaks below its BEV -5...
