This is a 3:45 p.m. intraday update of Turov on Timing for Monday, March 17, 2008.
TOT daily traders took a modest profit earlier today on a 400% short position – more modest than I would have liked, but a profit today is nothing to sneeze at.
Candidly, I have no idea what the news will be overnight nor how the markets will open in the morning. As I’ve been quoted saying many times, “Ignorance is not knowing something. Stupidity is not admitting ignorance.” I am smart enough to admit my ignorance over what the gods will bring us between now and 9:30 tomorrow and therefore advise staying on the sidelines overnight.
Thanks for the opportunity to be of service, and I’ll email you again in about ten hours.
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