This is an 3:50 p.m. intraday update of Turov on Timing for Thursday, November 13, 2008.
TOT daily traders went 100% short at SPX 857.32 and covered the position at SPX 857.00.
The market has made a massive turnabout today, and my NASDAQ model is STRONGLY indicating that the advance will
continue into tomorrow morning. The best way I can describe the model for the first 75 minutes of tomorrow’s
trading is “outrageously bullish.” And while, preliminarily, all of tomrrow’s anticipated advance will take place
in the early going, the potential for a massive upside gap is too great to wait until tomorrow to act. TOT daily
traders are advised to go a maximally bullish 500% long on the close today and hold the position overnight and into
In poker terms, this is the equivalent of holding pocket aces, pre-flop, on the button. The pocket aces don’t
always win, but they are an overwhelming favorite.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of tomorrow’s
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