Can the DAX Shed Light on the SPX?

During the 2008 crash, the DAX often seemed to lead the US markets.  Since the SPX count may be open to a bit of interpretation, I decided to take a look at the DAX to see if that brought any clarity.  The DAX has formed a much cleaner pattern, and looks like it will bounce around a bit (in a fourth wave) for a few sessions, then bottom soon after.  My target is 5100 +/-.  I have reasonably high confidence in this target, since I arrive at roughly the same number using two different methods of target calculation. 

This would argue that my preferred count of the SPX now being in wave (v) of minor 1 is probably the correct count.

The alternate count allows for the possibility that wave 4 may have been a running correction, in which case we are only bottoming iii, and will do one more up-down series to complete iv and v.

Bears should be wary of an IT bottom forming soon.  The coming minor (2) rally will likely retrace 40-60% of the prior decline.  The minor (3) set to unfold after that top will be a fast and furious crash wave.