Very often, we think DOW leads the market and DOW leads SPX. However, an occasional inverse thinking may be a good exercise. Let's assume, under certain conditions, SPX could leads DOW. Then, we could see that after SPX crossed 25 week MA, DOW now eventually follows. This will have to be confirmed by the future development.
本帖最后由 haoqi001 于 2009-5-5 00:16 编辑
Looks like DOW is really following SPX right now. Also, we can see from here that because both SPX and DOW did a breakup from JAN-FEB top, they are likely to rise to JAN high, i.e. 2009 high. It's about 940 for SPX in a few days, while DOW would be following, too.