Compare ADM and the DJIA

I had a thought. Look at the chart for Archer Daniels. Big pop in October, which was when that sector of the market "bottomed", and prolonged sideways move in a range...

Then look at the chart of DJIA. Same big pop, but this time in March, followed by sideways range bound move.

THESIS:

If the DJIA follows the same pattern that ADM has, then DJIA will continue to trade sideways for a rather long time with many false break outs and break downs - similar to the ones we just endured.

ADM


DJIA