Since Feb. 8 if the Dow Jones broke below its -10 percent BEV line during the chart below, it’s been creating a pennant formation. I’m not sure how significant it can be when the BEV plot breaks above or below the pennant, as technical analysis in the modern “regulated” markets isn’t just what used to be. However, I’m still short-term bullish, expecting more BEV Zeros inside Dow Jones’ BEV chart before the next major market decline begins. So, I’m expecting the Dow Jones will break above this pennant by first crossing over its -2.Five percent line, and after that increasing to new all-time highs in the weeks and months to come.
Do I have to say if the Dow Jones first break below its -10 percent BEV line I’ll have to reconsider the only thing that?
The Dow Jones Total Market Group’s (DJTMG) top 20 declined by one soon, from 53 into 52.
Next is a DJTMG’s top 20 frequency distribution table. There is certainly movement involving the BEV Zero to the -15 percent columns, from where the top part 20 is calculated, consider November the top part 20 itself has remained above 49.
This is actually a trying promote for both bulls and bears, as nothing new is developing. We did have the best drop in BEV Zeros in Barron’s 05 February issue. However checking table’s