2008 again?

[Alejandro3]

Yep, fair comment. If you are looking for a leader then Smallcaps (Russells 2000) and the Nazdaq are generally recognised to lead the premium markets in the US. I personally never look at the Dow.

[AlekseyDroda]

im currently out of the market totally as i expect bigger falls to come for the next few months.Im only doing my usual day trades and very short term trades.
Dow jones has the top 30 biggest companies in the world so that is a very good index to gauge direction quickly,Also the dow jones transport average is a good index to gauge direction and is very popular and S&p 500 is also a good index due to the large amount of companies.but everyone has there own index of choice.
for me dow jones 30 gives me a slightly faster reaction time, but s&P 500 confirms the signals

[Alekseymelt]

the Dow is not representative of the market. It only comprises 30 stocks. Always use the S&P 500 as a barometer. You will find the results more useful.