This is a 10:33 a.m. intraday update of Turov on Timing for Tuesday, November 14, 2006.
TOT daily traders went 200% short at SPX 1387 an hour ago. The SPX is currently about 1380. Use a buy stop at a break-even level of SPX 1387. If the SPX breaks below 1375, lower your stop to SPX 1384. If not stopped out, carry your position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again at the regular time – or sooner if circumstances warrant.
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