Mark J Lundeen
Advance and be recognized; what’s the password for the stock market these past few weeks? Tedium, what else could it be? Since the end of March, the Dow Jones’ BEV value has traded between its BEV -9.58% (33,274) and -7.53% (34,029), or...
Like the little chu-chu train that knew it could, the Dow Jones continues chugging on up the hill towards a new all-time high. Of course, with a BEV of -7.92% at week’s close, it still has a way to go; 2,913 points if we’re looking at the...
The Dow Jones continued advancing this week. Up by 0.57% BEV points (211 dollars) from last week’s close. Nothing major, but something better than a poke in the nose. The question is; can the Dow Jones close above its BEV -5% line? That...
The Dow Jones didn’t break down this week. Instead, it closed above its BEV -10% line on Friday’s close. So, what BEV line becomes critical now?
Two Friday’s ago, when I sent out my last article, the Dow Jones was at a BEV of -13.29%. Two weeks later it has advanced by 0.89% BEV points, or 327.89 in dollar terms over the last ten NYSE trading sessions. It’s as if everyone is just...
This was a big week for Mr Bear. Several banks in Silicon-Valley had “liquidity problems,” and were closed. Which I take as meaning; for the foreseeable future, in the BEV chart below we’re not going to be looking at the Dow Jones’ BEV -5...
This week, the Dow Jones recovered from last week’s close below its BEV -10% line. Or it did so on Friday, as the other days of this week it closed below its BEV -10% line. I don’t care. I’ll remain bearish on the Dow Jones until it...
Last week, we wondered whether the Dow Jones would next cross its BEV -5% or -10% lines. This week we know – it closed below its BEV -10% line, and that isn’t good for the bulls.
As it’s been since August, the Dow Jones continues struggling to break above its BEV -5% line. That’s a long time. Then since early November, the Dow Jones has daily closed in a tight trading range bounded just under its BEV -10% line, and...
In the BEV chart below, the Dow Jones continues having difficulty breaking above its BEV -5% line. Since last August (six months now) it’s tried on several occasions, but so far has failed to make happen, what must happen if the Dow Jones...
