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Global Indices

Hi. Just seeking some general insights. Does anybody here use a global index or etf?
If yes, ... then what might be your reason?
I think Martin Pring uses the etf ACWI & John Murphy uses $FAW.
Then there is $GDOW and $DJW (not sure what's the difference)



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    I don't actually use a global index, but now that you bring it up, it might be a good idea. I can see using it in a perf chart or a Price Performance (RS) ratio to determine which global markets (or representative ETFs) are out-performing or under-performing versus the world as a whole.
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    Thanks markd for your comments.
    I tried out your idea of $GDOW:$SPX on a daily chart over a 10 year period.
    - the 200 day moving average has been on a downward trend since 2009
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