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I agree with with xnocturnal. Trying to time the market on a daily basis with your 403(b) would prove largely to be futile. Besides, is the NASDAQ going to be down for several months or will it rise back in one day. It's done both in the past. Timing the market with individual stocks is a losing proposition for the vast majority of people. Doing it with a 403(b), which do not trade intraday anyway, is nearly impossible. Sit back and relax. I actually cheer when the market goes down near the time my distribution is sent to my 403(b) provider. I'm buying more shares cheaper - it's all about dollar cost averaging. Just sit back, don't take the daily financial news too seriously, dollar cost average, and you'll be fine. Besides, some 403(b) providers are only allowing a certain number of trades per quarter, and then charging people, basically to prevent what you are proposing to do. It may not cost you to trade in or out of a mutual fund with your plan, but it does cost the company, and they want to keep their costs downs.

hope this helps,
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