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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Casaubon who wrote (1053)2/24/2001 2:05:48 PM
From: JRI  Read Replies (1) of 52237
 
Casaubon- On the face of it, I would think the post-Fed (is it March 20th?) date- until April 15th.....would be one giant sucking sound out of the market:

(1) Post-Fed ("sell the news")
(2) Bad earnings reports continue- I suppose a miracle could happen, and some substantial company could say, "we see light at the end of the tunnel"..but not likely
(3) Tax date- Would love to hear opposing views, but I would expect a pretty big sell-off due to "tax paying"..a lot of folks "force sold" late last year...stocks that had fat gains, and stocks for which they likely did not pay enough in installments (rather just 90% of previous year's liability)...

I don't know what the cycles say, but on the surface, I would think that 3-4 week period post-Fed will have some real weakness..
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