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Strategies & Market Trends : Analysis Class for Beginners

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To: Arthur Tang who wrote (1135)	3/21/2000 6:45:00 AM
From: Arthur Tang	Read Replies (1) of 1471

What tax season does to Wall street, between March 15 and April 15? Tax payers are busy doing their tax filing preparations; having less time to move stock in and out of their accounts. Especially active daytraders who trade 100 times each day. Wall street in fear of excessive withdrawing from some accounts to pay tax dues; will drift aimlessly. If they pull back, will cause too much selling. If they move up, will cause too much buying which tax payers may not respond due to tax filing. This is assuming 1999 was a good year for most. After April 15, the market will rebound all the way to May 15, before Wall street decides on whether the Summer Rally will be on time and how this summer will pass too. It depends how much money will flow in? That takes planning?

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