dow chart, page-79

Hi Pete, awesome work on the vid, thanks for sharing. I took it all in as usual. Can I ask you about the "dema" indicator you referred to in the vid. At first I thought you were referring to the Directional Movement ADX but I think it may be something different? If you have a sec can you elaborate a bit on this? Cheers

As for the sentiment on the vid i agree and had posted similar sentiment (charts) on the "dow charts' thread yesterday. To me the DJIA looks like it's stopped in no mans land leading me to believe the selling is not done. Too many other factors lining up for downside imo. Also would not be surprised to see another decent sell off tonight imo. Although futures indicating different atm I think they should be taken with a grain of salt at this time of day and especially on a Monday.