CAC 40 Index (france)
Martin Armstrong-"The French Cac40 never made new high in 2007 and thus it is still on target to complete a 12 year decline into a low for 2012. A monthly closing below 2499 will signal a new low should unfold quickly thereafter."
Ding-Fire-168(Porky):Quarterly Chart sees around 2500. The direction is still heading South (after bounce)
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DAX Index (Germany)
Martin Armstrong-"The DAX is below important monthly closing support right now. If the DAX closes this month below 5600, then a drop to retest the major Monthly Bearish Reversal which lies at 3618 becomes possible. The lowest monthly closing for this entire correction took place in February 2009 at 3643.5. "
Ding-Fire-168(Porky):Quarterly Chart sees around 4250. The direction is still heading South (after bounce)
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