Glad to be right again!
For those that have wondered why I trade the Dow, here's a great example. It is often the index most resistant to moves to the downside. So, had we been long going into this selloff we would have seen all the other indexes falling off well before the DJIA (which I've been posting since last week) thus having a "warning signal" that the decline was coming and we could have gotten out with minimal loss to our gains. A lot of people scoff my desires to trade the Dow, but there is definitely a method to my madness. Here's the proof, the DJIA is in green.