3/12 for 3/15/04

**tsptalk** · 03-12-2004, 03:21 PM

I'm moving to 50% S and 50% I.

If we get a bounce, I want to be aggressive. The I fund has been getting crushed and it is down again today. I'm hoping for their rebound on Monday.

This is not a long term move. There may be more downside risk even after a bounce. But I am taking a short term shot.

Tom

**Wheels** · 03-12-2004, 04:59 PM

As you know I got in today too. I'm not so sure it's just a one or two day move for me. This sell off that we've just may be the almighty correction that everyone has been clamoring for. We might be ready for a 10% +/- move up. I'll be watching it, and this board, closely.

Dave

**tsptalk** · 03-12-2004, 07:18 PM

Watch this last hour of trading. Since the market has held up, the bears that went short have to cover (buy shares back) and we may see an upward explosion into close.

**Wheels** · 03-12-2004, 07:56 PM

Good call on the last hour

Dave

**AllexBancs** · 03-14-2004, 07:27 PM

Hey guys/gals! What type of technical analysis do you use when making your allocation changes? Why can't we trade in and out of our account more than once a day? Thnx. AB

**puertorico** · 03-15-2004, 06:03 AM

Tom

! My question is if u gonna do a short term 1 day rally

"just monday"

or more days ?

I will be looking foward to see how u gonna move on

monday morning or no move at all.:shock:! "stay in stock or play safe G"

!hope see u message board early tomorrow!

**tsptalk** · 03-15-2004, 01:54 PM

I don't see a move needed so far this morning.

**puertorico** · 03-15-2004, 03:59 PM

guys,it turning too ugly :shock:

**tsptalk** · 03-15-2004, 04:14 PM

Did anyone study for this test? We are testing Thursday's low already this morning. I figured it could get a little bumpy today but this bad? Will it hold? I'd tend to sayyes but no need to guess here. It's a watch and see situationsince we are past the deadline already.

Watch 1943 on the Nasdaq and 1105 on the S&P 500.
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Update 12:52 EST
Well, we hit 1947 on the Nasdaq and 1105 on the S&P so far this morning and we are not exactly bouncing. I don't see too much more downside risk butI'm not discounting a breakdown. The battle between bargain hunters and sellers isat a stand still for the last 1/2 hour or so.

**AllexBancs** · 03-15-2004, 06:18 PM

Tom,

Do you take into account volume on the exchanges when calling your allocations? AB:dude:

**puertorico** · 03-15-2004, 06:45 PM

hoping a rebound "smartmoney" turn to positive

**tsptalk** · 03-15-2004, 07:45 PM

Do you take into account volume on the exchanges when calling your allocations? AB:dude:

Actually I meant to mention that in my comments Monday. The volume was very low during Friday's reboundand that was somewhat troublesome. I like to see low volume on down days and high volume on up days. But sometimes a BIG volume down day could indicate a blow off day with a turnaround close behind.

Today's volume is pretty low and that is a little encouraging.

Tom