This is a 9:43 a.m. intraday update of Turov on Timing for Wednesday, October 14, 2009.
As expected, the market has gap opened sharply. TOT daily traders are advised to fade the advance by going 200% short at SPX 1083.50 stop. If you go short, use a 12 point protective buy stop.
Thanks for the opportunity to be of service, and I’ll email you again later during the trading session today.
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