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To: Thean who wrote (1680)	8/10/1998 3:41:00 PM
From: Lucretius	Respond to of 14427

EWG is the German Web The DAX has gone parabolic in the last 2 years (recently it has failed), being up almost 300% since 1996. German banks have huge exposure to Russia, and Germany's economy is heavily exposed to Russia. European mkts are topping. They are heavily exposed to both Russia and Asia (UK is exposed to Asia in particular and is already having problems) They will get destroyed along w/ us in the coming mkt debacle. Good for tax purposes because you can likely hang onto it for a year or more w/out covering and simply ride the wave to the bottom. I anticipate a move to at least 10. I am short EWU and EWG since we topped on 7/20. And to mkae things even better... you can short on a downtick! My broker had the idea and I have friends in the UK that have confirmed the problems. Here are a few charts if you want to look. The whole planet is topping out (or in the case of Asia-- already has): decisionpoint.com decisionpoint.com -Lucretius