Why We Use Dow Calculations

The August expiry has been bullish, with the Dow up 5 in a row 2003-2007, and up 1.8% in 2007. Yesterday we listed as a new signal: "We often speak of falling in "love with an option" and show videos in our password protected area on how we day trade by just watching the option itself.
If the market is showing only slightly negative futures, or slight upside, consider this overbought and high risk trade:

-OXBIO OEX.X SEP 2009 475.0000 CALL". The option never was available (as of 2.15p.m.) at any price lower than 6.40, was extremely low volume, and had only hit highs of 6.80.
We recalculated the Dow at 10.30 a.m. and the numbers were so close it wasn't worth sending out. We recalculate again at 2.00 p.m. and R2 was 9378.27, right at our strong resistance line of 9376 where the market went yesterday.
A subscriber asked yesterday why I do Dow calculations, or rather, why we even offer OEX calculations. It's important to understand that the Dow correlates the OEX well, and is simply easier to track and find.
Either using the Dow or the OEX for re-calculations is fine, but note my overall projections for the market are always on the Dow.

Another subscriber asked why we use the bullish percent indicators for the OEX instead of just the OEX. We don't. We do PNF charts, in many varieties,on the OEX,and we use the Bullish percent indicators for a number of indices. For example ($BPNYA) shows the bullish percent for the NYSE.