why the imbalance - asx - dow

When you look over the last 3 weeks the DOW has come down 2.7% and the ASX / ORD 7.3%.

Yet the US is the economy with the big problems, and where traders would be more skitish ?

You maybe tempted to think it is because of our exchange rate?

Well over these 3 weeks the exchange rate is much the same, in fact it has eased slightly.
Also we did not get ahead of the DOW level wise in the first place, we were on par with increases.

=> So why is the ASX being sold down the way it has ?

One would think it is a good time for the superfunds to top up, but no..

Cheers