You need to be lucky twice to make a good trade. I did good selling off my remaining TSP equity positions (30%) last week but then I got sucked in by the action on Monday and put 30% back in. Made some lemonade from that lemon because I moved to F, which sort of kept pace.
At any rate, the Monday trade negated the move last week...and now I have only one IFT left for August. So, my 30% will ride this out, whatever this becomes, and I'll look for another entry. I'm keeping my eye on things. Before the breakdown I was a lot more bearish than I am now. I'm not sure why but I'm trying to keep it in mind. Corrections are usually considered 10% moves. We are very overdue for such a move. So far we haven't even gone down 5% in the major indices. Small caps are down closer to 7%...which, to me, says a move nearing 10% is VERY possible. That would put us solidly under S&P 1850 and approaching 1800.
So, If you're looking to ride this out, keep your sticky pants cinched up tight! With my remaining 70% of TSP funds I plan to wait for either A) confirmation of an up move, I'll use sentiment and Tom's 3-5 close rule for this OR B) completion of a 10% move down in Small Caps and nearly as big a move in a few of the larger indices.
That's my plan as of today anyway. Writing it down here in an effort to better keep myself to it!
I also keep looking for possible bargains in individual dividend stocks for my IRA and taxable accounts.
Good Luck!