This is a 10:35 a.m. intermim update of Turov on Timing for Wednesday, February 6, 2008.
Despite the sharp decline on Tuesday, the intermediate term model remains steadfastly bullish. Expect to see the 1400 level challenged again this month.
The directional component of the daily model is bullish today, but risk is too high to warrant entering the fray. Continue to stand aside.
Thanks for the opportunity to be of service, and I’ll email you again in about 15 hours – or sooner if circumstances warrant.
Turov on Timing is Copyright © 2008 by Turov Investment Group Inc. All rights reserved. Turov on Timing is for personal use only. All caveats and advisories that appear in the monthly Turov on Timing apply equally to this email. Re-publication and distribution is strictly prohibited. No part may be reproduced without the permission of the Turov Investment Group Inc.