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To: John Pitera who wrote (80278)	12/17/1999 6:16:00 PM
From: pater tenebrarum	Respond to of 86076

John, that's what i'm thinking as well...look at the weekly chart of the DeutschMark as a proxy, and you'll see a very well defined 5-wave downmove from the Oct.98 high...the 4th wave correction, a classic a-b-c, coincided time-wise exactly with the mid-July to mid-October correction in U.S. equities this year. also, the October high of the DM last year coincides with the October low in stocks. you could say the Euro is perfectly negatively correlated with U.S. equities. this is a very important thing to know...if you can spot emerging Euro trends, you can spot emerging trends in U.S. stocks and vice versa.