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Pastimes : Trading the markets.....

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To: sandeep who wrote (3932)	3/6/2001 5:33:03 PM
From: Gersh Avery	Read Replies (1) of 4583

Well .. I've been looking at 3/2 for a while now .. #reply-15342463 The intersection of two strong forks can set turn points in time. In addition there was that NDX chart that showed regular NDX bottoms every fifty calander days. This bottom was due to hit 3/5. The chart seemed to have some play of about +-2 days. Liquidity kind of reasons. While the market has been moving down there has been money moved to the side waiting for a bottom to show up. This is tax season .. normally this means that folks sell off stocks to pay the IRS. However this year capital gain taxes will be very small. In addition there were so many folks caught short (tax wise) from '99 that they had to make extra estimated tax payments into the system. Those estimated payments are now being refunded. In other words folks who have been hit hard by taxes from '99 are market players. They will be having extra large tax returns this year. ("Hey honey .. what should we do with all this extra money?") The Bush tax cut program seems to be moving through faster than the market thought that it would. It's also time for the pre FOMC run up. So those are the things that I'm thinking about. And I could be wrong ..

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