This is a 10:39 a.m. intraday update of Turov on Timing for Friday March 7, 2008.
The ability of the market to maintain its upthrust for a full hour is impressive, and in the context of yesterday’s upgrade of my intermediate term model, may indicate the start of a sustained multi-day rally. TOT daily traders are advised to go 300% long at SPX 1310.50 stop. If you go long, use a protective sell stop at SPX 1298. I’ll update again at 3:50 p.m. or sooner if circumstances warrant.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours.
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