Indices started the last wave of decline before large correction

FX:FRA40   CAC 40 Index
501 1 10
I think the wave of the decline that has recently started will be the last one before a sizable correction for DAX             and CAC, while SPX             and NAS are likely to set a new high before year end.

For CAC watch the breakout of the lower channel line - it will be a false one. For US indices watch AAPL             @62, MSFT             @39 - this will mark a very significant low followed by a bounce.
i think your wave 4 may reach a new top before.... elliot inside ^^
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