This is an 11:00 a.m. intraday update of Turov on Timing for Friday, March 28, 2008.
The SPX was up about 8 points earlier in the day and is now up only about 2. This market is in trouble, I think, and that is confirmed by my intraday model.
TOT daily traders are advised to go 300% short at SPX 1324.75 stop. If you go short, hold the position without a stop for the balance of the day and over the weekend and into Monday. However, if there is a big unexpected rally today, I will update intraday today. Otherwise, have a great weekend, thanks for the opportunity to be of service, and I’ll email you again six hours before the start of Monday’s session.
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.