Mark J Lundeen
I thought I’d start out with the Dow Jones’ Bear’s Eye View (BEV) chart going back to 1885 showing every bear market decline of the past one hundred thirty-three years. This week ended with the Dow Jones 5.73% from its last all-time high...
The Dow Jones Index closed the week with its BEV plot under -5% for the first time since early March. This is no small thing for the bulls, seeing the Dow’s BEV plot rising towards its BEV Zero (0.00%) line from the -11.53% it made on...
The week closed with the Dow Jones Index down 6.71% from its last all-time high in the BEV chart below. How hard would it be for it to make a new all-time high from here? Not very hard one would think, but I don’t have a horse running in...
The Dow Jones Index on Wednesday broke down to double digits in the BEV chart below (-10.11% / 23,924). I was wondering if this was the week the Dow Jones was going to take out its -11.58% (23,533) from March 23rd. But Friday came leaving...
The stock market saw some action this week. On Tuesday the Dow Jones moved over 3% intraday, but closed only -1.74% from Monday’s closing price, so I didn’t count Tuesday as a day of extreme volatility. Other than that, it was a fairly...
This market is beginning to remind me of boot camp; a “hurry up and wait” market. Waiting for what they’d never tell you, but I will. The bulls are waiting for the Dow Jones to break above last February 26th‘s -3.41% in the BEV chart below...
I didn’t miss anything by skipping last week’s posting. The Dow Jones saw its latest correction bottom on March 23rd declining to -11.58% in the BEV chart below. Since then the Dow Jones has oscillated from just below -10% and up to the -8...
The Dow Jones Index was up for the week with its BEV plot below closing above its -10% line. Nothing wrong with that as it enters its third month correcting from its last all-time high of 26,616 of January 26th. As double digit corrections...
There comes a point in every major-market advance where one has to decide whether or not the best the market has to offer is in the past, and it’s now time to GET OUT. Of course one may be wrong in their timing of a market top. There is...
Since February 8th when the Dow Jones broke below its -10% BEV line in the chart below, it’s been building a pennant formation. I don’t know how significant it will be when the BEV plot breaks above or below the pennant, as technical...
