This is a 3:40 p.m. intraday update of Turov on Timing for Wednesday, September 9, 2009.
I’m not saying the market is going to crash tomorrow.
I AM saying the setup is perfect for one IF any serious negative news comes out overnight. And even if no substantive news comes out, the odds of a gap-down tomorrow morning is about 70%.
TOT daily traders are advised to go 300% short on the close and to hold the position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again in about 10 hours.
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