The Dax out of all the major indices has got the most impulsive count to suggest wave 3 down is under way. If we have had 5 waves down today, 61.8 takes us back just above the previous wave 4.
The other indices such as the Dow, S&P and FTSE look very messy but there is a possibility that the 1st wave down of 3 is a leading diagonal which i saw today as pointed out by Kenny http://kennystechnicalanalysisblog.blogspot.com/ and Daneric http://danericselliottwaves.blogspot.com/
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