This is an 3:36 intraday update of Turov on Timing for Friday, September 18, 2009.
I had not expected to issue another update today, but I have just completed work on the likely market direction on Monday. Because of (let’s just say) “interesting” options related trading, the odds are very high that Monday morning will gap open higher. Therefore, I advise covering our short position at the market. We will use the 3:38 price (two minutes from now) as our “official” exit price.
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 trading session.
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