Mark J Lundeen
Every bull market advance eventually sees its last all-time high. No one rings a bell when it happens, but from that point on things begin to change for the worse for the bulls.
Two weeks ago the Dow Jones crashed into its BEV -7.5% line. My reaction to that was to become a bear on the stock market. Now ten NYSE trading sessions later, it’s advanced to within a half of a percent (0.41%) from its all-time high of...
This week the Dow Jones didn’t move far from where it closed last week, advancing to -2.75% from last October’s all-time highs, from last week’s -3.15%. The change from last week’s position in the Dow Jones Bear’s Eye View chart below is...
Last week it appeared the Dow Jones Index had one foot in its grave and the other on a banana peel, ready to break below its BEV -7.5% line and on its way to the -10% line in the BEV chart below. I didn’t believe it would move lower by 2....
Last week I was still optimistic on the prospects of the Dow Jones making new all-time highs in the weeks and months to come. However, seeing this tired old bull fall down and bang its head on the BEV -7.5% line below at the close of this...
The Dow Jones closed the week -4.63% from its last all-time high of October 3rd. Let’s round that down to -5%, which as seen in the table on the Dow Jones’ BEV chart is 1,342 points below last October’s high-water mark. So, is Mr Bear...
What a difference a week can make. These past few weeks I’ve been complaining about the Dow Jones inability to do something to the up or downside. Then this week the Dow decided to do something; like going down 563 points (-2.12%) from...
A new definition for tedium should be having to follow the Dow Jones; for weeks now it hasn’t done much to entertain market watchers. I wish it would go up, or down, instead it just daily trades near to, but just short of a new all-time...
The Dow Jones Index in the BEV chart below closed this week a bit below last week’s close; 1.06% instead of last week’s 1.00%, down six cents on the dollar, or basically unchanged from last week. As I said last week the bulls aren’t in a...
Ah, talk about drama! The Dow Jones this week closed only 1.00% away from its last all-time high of last October 3rd. From here it should be easy for the Dow Jones to make a new BEV Zero in the Bear’s Eye View chart below. But I don’t...
