3/22/04 - When Is It OK to Get Back In?

**tsptalk** · 03-22-2004, 01:45 PM

I'm getting a lot of emails about whether to get back in. My thought (this hour) is I'm going to be patient. I'm not so worried right now about catching the bottom, although that would be nice,but rather not catchinga capitulation sell off, the give up point of the bulls. Ideally that would be the time to buy but it might not come wrapped in bows like I'd like to see.

One thing I will point out that I've talked about before, bottoms are more likely to form when markets open to the downside, then rebound. I'd expect some sort of bounce today at some point, but I'm interested in how we close. Willit sell off or sustain a rebound?

Watching and waiting.
Tom

**tsptalk** · 03-22-2004, 05:23 PM

Hello? Where iseverybodytoday? :shock:

**Wheels** · 03-22-2004, 05:55 PM

I'm here but I'm crying too much to post!!

Dave

P.S. If Ihear the word geopolitical one more time today I'm going to puke!

**k2ds** · 03-22-2004, 06:06 PM

Boy am I glad I went Gas of Friday.. Dodged this bullet. OUCH !!

I think I'm going to take a wait position for now.

May jump back in on the S on Wed.

**tsptalk** · 03-22-2004, 06:33 PM

Wheels -
I don't want to hit a man when he's down, cause I've been theremany times myself, but crying and puking in the same post? That may be the buy signal I've been waiting for.

We're getting close.

**tsptalk** · 03-22-2004, 06:50 PM

If you are looking for potential downside targets, the 200 day ema (exponential moving average) may bethe next level of support. The 200 day ema for the:

S&P 500 is 1062 (as I write this, today's low is 1089)

Nasdaq is 1883 (low today so far 1897)

As k2ds says, Wednesday might be the day.

**puertorico** · 03-22-2004, 07:24 PM

put me in too,wed.may be a good shot...

**JerBer** · 03-22-2004, 08:54 PM

Does everybody mean make the move onTuesday for Wednesday, or make it on Wednesday for Thursday? :?

JerBer

**tsptalk** · 03-22-2004, 09:45 PM

I'm still playing it by ear JerBer. No commitment either way yet. We are ceratainly due for some sort of rebound but like I said earlier, I'd like to see those 200 day moving averages tested. There are still other concerns that I will try to write about in tomorrow's comments.

Tom

**Wheels** · 03-23-2004, 12:56 AM

Tom - I swear if you use the term geopolitical in your update tomorrow I'm gonna come unglued.

Dave

**puertorico** · 03-23-2004, 04:50 AM

I can't wait to put money to work !:shock:!

...but,I dont has a good chin to take the pain...

**lovegardening** · 03-23-2004, 10:44 AM

Tom, I am so glad I stumbled upon this website yesterday.......I have been searching for someplace, someone.......guidance on TSP fund allocations. Not being very savy with financial terms and where to put funds when....you are a godsend and saved me alot of money yesterday. Thank you for helping us with our TSP.........I will be religiously posted here twice a day during the week. Cant on weekends....no computer at home......