DOW has likely seen its high at 5 in the diagram. It has done the first big wave on downside to number 1 and reached exactly the top of wave 2 which is 61.8 percent of the drop from 5 to 1. Dow might stay at 61.8 percent for a while but as soon as it gets lower the long downtrend will start with wave number 3 if my first prognosis is correct

DOW day 01:25