This is a 3:33 intraday update of Turov on Timing for Monday, August 22, 2011.
TOT daily traders went 200% short at SPX 1135 earlier today. The SPX is currently about 1129. Hold the short position overnight and into tomorrow.
Preliminarily, I’m looking for a weak opening tomorrow, followed by the possibility (still too close to call) of a rally following the opening.
Thanks for the opportunity to be of service, and I’ll email you again in about ten hours.
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