This chart, using the Russell 2000 instead of the DJIA, illustrates my comments in Chat on Saturday July 2nd, 2010 (See below.). The cursor is on the July 2nd bar and the chart extends to Monday July 12th about a half hour after the Open. The color bars are Chop and the values of the line colors are shown by using the EMAs in the Info Window.
FWIW - On the daily DJIA, there is currently a confluence of Time occurring. It is composed of Series 6, fractals 3, 4, 5 and 6. Fuzzy time is from now to 5 bars from now.
Implication is for reversal at support in this time span.