just throw in the towel PLEASE!!

**ATCJeff** · 12-19-2006, 09:16 PM

Originally Posted by HarryPotter

I like to be contrarian as well, but do not see major reason to bailout or short this market. TSP talk keeps waiting for the right level but that is never going to come. Market will keep going sideways and then will climb. Specially if this season is just decent, not necessaryly spectacular.
I have been adding to long on dips and it works fine. Time is value as well and to stay out in favorable season because of indicators is futile.
Harry

Respectfully I disagree. Tom will get his chance to buy into the market. At what price is the question he would like to know. It could be anywhere from 5-10% below current levels or it could happen at a higher price. That would be a worst case scenario for him.

The market does not move sideways all the time. Look back to 2000-2002 time frame. What Tom and others are waiting/hoping will happen is for a period of downward movement in the indexes. I would guess they are looking for something more than 5%.

Mr. Bear will once again show his face. When and how much is the million dollar question.

**Spaf** · 12-19-2006, 09:26 PM

Trap door 2000-2003!

Dow71 to 06.jpg
Chart courtesy of http://bigcharts.marketwatch.com

**Birchtree** · 12-19-2006, 09:37 PM

IMHO there is too much fear and that is classic for a bull market - it's necessary for a healthy market. You are not alone and there is nothing to say that I won't flame 30 days from now. But most market timers who have vision beyond 24 hours become hesitant and cautious, trying to avoid mistakes. You have more on the line than most new members. So I say stand your ground.

**Wheels** · 12-20-2006, 04:27 AM

Originally Posted by tsptalk

I'm waiting for Wheels to be our sacrifice.

Wheels no longer posts his moves, but for a couple of bucks I'll PM you my moves so you can predict the collapse and look like a hero.

**HarryPotter** · 12-20-2006, 08:42 PM

wheels, you can tell us your present position not the changes made today.

For the record, I am as aprehensive as Tom. But I am 40% in S fund, having made most of my money if I fund so far this year.
Remaining 60 % in G fund. 5 % decline from here would be 1355 on SnP. Will we get there before the first quarter is over? I do not know.
Meanwhile SnP may go up to 1450 and we may miss the rally. If I was in from 1250 I would have taken profits now.
Incidently I am in S fund from NDX 2340 and I am looking for 2500 before the first quarter of 2007 is over. I do not see 5 % correction but market has always managed to surprise everyone. Market is and remains overbought but that is no guarantee of 5 % sell of or even 2 % sell off!?
Harry.