I guess when I look at this chart it just tells me trade from the long side. http://stockcharts.com/charts/historical/djia1900.html
My guess is we are in a period similar to the 1962-1982 period of moving sideways, all though swing are larger enough to capture
When easy Al speaks the market listens, until this guy has passed, he will always be out their trying to influence the markets.
Mini Dow Chart I use for making intra-day trading decisions, bought that pull back to the MA after the cash market opened
Removed buy limit @11010 came within a whisker to 11012 then took off with out me. Not very impressed with the bounce off the MA.