Don Bright and others talk about using the futures as a leading indicator for stocks. My observations lead me to believe that there is little or no value in using one market as an indicator for another. I am awestruck by the the way everything moves in lockstep. I have done overlays ad infinitum looking for consistent divergences and have not found any. If any of you can refer me to a market/stock combination where one leads the other with some consistency I would really like to see it. This would amount to a holy grail of sorts. Since these guys are successful doing this they must be using it in a different way than what I am thinking. Can someone explain how they are doing this?