Correction, page-88

If I am correct in my naming the current downward move a C wave, the shape of it so far has given an indication of the potential length.

It would appear that the 1st wave of C went from $145.24 to $140.79, a length of $4.45. The second wave of C went to $143.58 (6.27% correction of wave 1
4 cents more than expected 61.8%). The usual expected length of wave 3 would be 1.618 x wave 1 which is $7.20 which means wave 3 could end about $136.38. Now a way of estimating the entire length of the 5 waves is to call wave 1 38.2% of the 5 waves so 2.618 x wave 1 = $11.65. Now deduct $11.65 from $145.24 = $133.59.

We now have a rough estimate of the potential length of the C wave. It is possible for it to go further but at least the wave formation at this stage is giving us a target.