Key levels already broken in my opinion... close over 1280 on S&P500, over 1520 on Nasdaq 100. A close over 5900 on the FTSE today would be nice also. The Dow, being made up of just 30 stocks in a market of over 6000, doesn't justify the title "indicator" really. It can be affected by a counter-trend move in just one component. There's a couple of dogs or dogs-in-the-making which make up the Dow right now such as GM, Wal-Mart, Home Depot and Verizon.
Remember also that the Dow is a dollar-weighted index, so a $1 move in a $100 stock counts the same as a $1 move in a $20 stock, hardly indicative of market performance.
The Nasdaq or S&P are better broad-market indicators. Alan Greenspan only ever looked at the Wilshire 5000 total market index.
Key levels already broken in my opinion... close over 1280 on...
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