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Yes. Check the Aspectfinancial message board (www.aspectfinancial.com.au).
Our All Ords isn't exactly the same as the DJIA. Our companies are generally smaller! Analysis of the Dogs of Dow or Foolish four strategy on the Australian market has been done...interestingly, the returns are not comparable to the US market. In addition, the returns on the US market by those strategies are also not comparable to what the strategies claim to give if compared from different time periods or commencing investments in the companies at a different time of the year...
As the Fools themselves say, it's a good thing to do your own research!
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