The selloff has gotten really intense, although I think another bounce is going to happen within the next week. The charts below show my projections for how I expect this correction to play out from an Elliott Wave Standpoint. Click on the charts for more clarity.
Dow Jones Industrials Average:
The Dow is different in that it appears to be in an expanded flat correction. The C Wave of an expanded flat usually breaks down into five subwaves instead of three.