This is a 3:55 p.m. intraday update of Turov on Timing for Friday, November 7, 2008.
Well, the market fell apart Wednesday and Thursday after the Obama victory, and it fell again today (albeit on a
smaller scale) after the Obama news conference. I’m not sure why, but it is disconcerting.
At this time, it is unclear what the daily model is likely to be for Monday, and therefore, TOT daily traders are
advised to go into the weekend flat by selling out the remaining SPX position on the close if not stopped out in
today’s final five minutes, thereby avoiding the risk of the weekend unknown.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of Monday’s
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