elephant in the room

It's the 200 period Moving Average, and it's looming over every index. It has to be tested (yeah, yeah, there are no "have-to's" but just go with it) and if it holds shouldn't that open a floodgate of investors/traders with all sorts of time frames? An orderly break of the 200-MA, combined with a re-test holding as support, should bring out swing traders, hedge funds, buy-and-hold investors (whether they're looking to double up or not be left behind), not to mention cheerleaders on the boob-tube. Which should in turn give this bull run another strong push up. We should be on guard, however, for any sort of shooting star/climax move.
The laggard DJIA
S&P500Nasdaq Composite leading the wayRussell2000For the sake of inclusion, the DJ TransportsAnd the DJ Utilities