This is a 1:58 pm intraday update of Turov on Timing for Wednesday, October 22, 2002.
The SPX is currently at about 878. I recommend that TOT daily traders, who are currently 200% short, lower their stop to a very tight 881.
If not stopped out, carry the position overnight and into tomorrow.
Thanks for the opportunity to be of service to you, and I’ll email you again six hours before the start of tomorrow’s trading session – or sooner if circumstances warrant.
Turov on Timing is Copyright (c) 2002 by Turov Investment Group Inc. All rights reserved. Turov on Timing is for personal use only. Re-publication and distribution is strictly prohibited. No part may be reproduced without the permission of the publisher.