Okay, before you start along your merry color correcting way, there are a couple of settings that you should consider changing. These settings can definitely affect the results you get, so make sure you read this first. Also, keep in mind that these changes will remain as your defaults until you change them again, so you don’t have to do this each time you open Elements.
From the Edit menu, choose Color Settings (or press Ctrl-Shift-K [Mac: Command-Shift-K]).
In the Color Settings dialog, choose from the four options: No Color Management, Always Optimize Colors for Computer ...