The point I was trying to make was the dow reaching new highs is meaningless. It's comparing Apples and Oranges. You make a valid point, which bolsters my theory. The Nasdaq is full of the "new" tech companies, and it's still down 50% from it's highs, which is more like what is actually happening in the economy.
I also consider the highs in the DOW as meaningless. If you factor in the inflation the DOW should be at least around 14000. Also on the Naz, back in the late 90's there was groundbreaking new technology going on all over the place. Prices were overinflated to a point never seen before or since. I would be shocked to see it ever reach that level with inflation factored in again. That being said this bull move was seen in the charts if you are a T/A trader. So this has not really been a surprise. How far will it go? I don't know but I am staying long until my charts say to short it.