This is a 8:45 a.m. pre-opening update of Turov on Timing for Friday March 7, 2008.
The jobs report came out quite negatively and futures are getting hit hard. Good. This should wash out the sellers this morning and provide a good buying opportunity (a phrase I don’t use often).
Both the intermediate and daily models are bullish. I want to go long as soon my intraday model shows signs of market stabilization. When that occurs, I will email you again with an intraday email.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours.
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