Mark J Lundeen
This week the market was down big, with lots of people selling. Of course, with every trade there always is a seller, and a buyer. But this week the buyers were offering less, which the sellers were willing to take.
This week, the Dow Jones closed everyday in scoring position, not one day below its BEV -5% line. So, we continue assuming the advance that began last November (red circle below), has additional all-time highs coming in the weeks and...
How did the Dow Jones do this week? Just looking at its BEV chart below, it closed 2.21% below its last all-time high. But this week the Dow Jones made three new all-time highs (BEV Zeros), #27-29 since it began its current advance last...
This week, the Dow Jones closed short from making a new all-time high by only $3.60, or only 0.01% from a new BEV Zero in its Bear’s Eye View chart below. Don’t worry, I expect we’ll see the Dow Jones making more than just one new all-...
Do you like this week’s title above? I’m sure (hope) it catches lots of attention, but I admit it’s a bit of click-bate for this week. Still, it’s appropriate as a title, as you’ll discover further down in this week’s commentary. If...
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...
