Thanks for your work here Jerry! I have been following you for some time and appreciate you and Mike Scott's work on CANSLIM.

I subscribe to the Minervini service which is a substantial variation on CANSLIM, but similar; MM sees the current action as a correction within a long term bull phase, albeit a late stage bull market. All of the market metrics that I follow, based on MM's risk model, are quite negative (the worst in 6 months).

Its dangerous to my mental mindset to think too much about predictions, but the markets are slow these days ... so ..

I am looking at an undercut (1% or so) of Apr 18 lows (6-7% correction); or an undercut of Mar 16 lows (10-11%), or an undercut of Nov 16 of lows (15-16%) ...

How are you coming up with 8%? I assume historical data abot 75% of all corrections being contained to about 8%?

Thanks

Shawn