This is a 10:51 a.m. intraday update of Turov on Timing for Thursday, October 10, 2002.
TOT daily traders came into today’s session 200% short. When the SPX declined to 770, we lowered our stop to 780, and that level was reached about 1/2 hour ago. The SPX is currently about 793. It remains to be seen whether this nascent rally can keep going, and at this point, my intraday model is not showing anything unusual. So, for now, we’re on the sidelines. However, the unique factors relating to tomorrow that I described on the regular message are still extant, and if something noteworthy occurs later today, I will update this hotline again.
Thanks for the opportunity to be of service to you, and I’ll email you again a few hours.
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