Another interesting article... Why You Should Care About DJIA...

Another interesting article...

Why You Should Care About DJIA Priced in Gold

[Extract]


Notice, by contrast, the relative strength of the Real Dow versus the nominal Dow, the index in terms of dollars, from 1980 to 1982. By August 1982 when the Dow denominated in dollars bottomed, the Real Dow was rising strongly from its 1980 low... The nominal Dow soon played catch-up, and they both rallied more or less in sync until 1999.

Now, instead of soaring the Real Dow is crashing relative to the nominal Dow. In fact, its barely off its low of May 2006. This dichotomy reveals the weakness that underlies the financial markets push higher. When mood turns and credit inflation reverses, the ensuing drop in the nominal value of the market should be dramatic.

http://www.elliottwave.com/freeupdates/archives/2010/01/07/Why-You-Should-Care-About-DJIA-Priced-in-Gold.aspx