This is a 10:57 a.m. intraday update of Turov on Timing for Tuesday, October 13, 2009.
TOT daily traders went 400% short at SPX 1074.96 on an SPX 1076 stop earlier today. The SPX is currently about 1069 and a fraction. Take your profit at the market and move to the sidelines. We’ll use the 11:00 price for our “official” records.
Thanks for the opportunity to be of service, and I’ll email you again in about 15 hours.
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