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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (88410)	6/28/2002 11:20:19 PM
From: getanewlife	Respond to of 99280

Fresh from NPR: CHERNEY: Oh, absolutely, Paul. Just last week I had an indicator I`ve developed that combines price change in the S&P 500 with volume measures of the NYSE. And this is a weekly indicator, so it`s not going to pinpoint the exact day. But it hit levels last week, the last four times that it hit these levels were September of this past year, March of this past year, October of 1990 and December of 1987. KANGAS: All of those were major bottoms, correct? CHERNEY: That`s correct. So I feel that there is very limited downside right now. I don`t know that we can take off like a rocket, but I think that prices will stabilize and should try to work higher. KANGAS: And any ideas of what will be the leading groups to bring us back? CHERNEY: Well, every time you have a big sell-off, money does return to those that got hurt the most. So I have no doubt that there will be some interest in the techs, et cetera. But it`s the sectors just like the retailers, et cetera, that have been doing well that should also do well.