DAX, RUT Update

My take on today's decline in the RUT was that it marked the end of an expanding ED for a c wave of (iv) of [c].  A break below today's lows would obviously change that view.

RUT 10 MIN

The DAX still appears to be consolidating, as opposed to declining.  I am unable to see anything impulsive/motive looking about the decline off the magenta top, although my confidence in my ability to recognize a first wave declines by the minute.  I think the French and EFSF bond auction results today have given some near term relief.  We'll see what Italy and Spain bring next week.

DAX 10 MIN

Do any of you have any interest in my doing a post about TARGET2 imbalances and their meaning?  There is already a lot of stuff out there on the subject, so I hesitate to waste my time unless there is some genuine interest.