I recently read an article where the main idea was if you want to sucessfully trade the YM, you can't just rely on TA of the YM itself, but rather understand the technicals of the 5 largest components of the underlying. Is this really necessary given that they should all be accounted for as part of the index? Isn't that the point? I just haven't thought of adding this level of analysis to my YM trading and wonder what others think.
Down components http://money.cnn.com/data/dow30/ use yahoo chart to compare its companies http://finance.yahoo.com/echarts?s=^DJI#symbol=^DJI;range=1d conclusion: it works sometimes.
Sure, here it is: http://www.tradingmarkets.com/.site...ssecting-the-Dow-for-E-Mini-Traders-77974.cfm