DOW VS EUR Correlation

Here's the DIA and the EUR/USD in after hours.

 DIA AH

EUR/USD since the 4 pm close.

First off, they aren't on the same trajectory.

By the correlation that has been observed, the EUR closed at $1.3839 and at the time of this capture was higher by 13 pips, which equals (in correlated terms 26 Dow points) meaning the DIA should be trading roughly around $119.55, it's not a lot, but it would be higher then the DIA closed. For the past several weeks of watching this correlation, it's been pretty accurate. This is probably hardly worth the post, but it seems to show that there is a risk off trade in place and legacy arbitrages are essentially worthless, which is a huge change from what we have seen since October 4th.

As for the day open to close, the correlated move would suggest a loss of 330 Dow points, the Dow closed at a loss of -271. Since most of the day was spent lateral until EOD, I'd be curious to see if those extra points will be priced in.