This is a 10:46 intraday update of Turov on Timing for Monday, November 29, 2010.
On the regular overnight message I said, “if we see weakness in the early going, and if my intraday model shows positive divergence during that weakness, then we could see a powerful advance later on.”
Bingo! TOT daily traders are advised to go 300% long at the market. We will use the 10:50 price as our “official” entry level. Once you go long, use a 10 point protective sell stop on the position.
Thanks for the opportunity to be of service, and I’ll email you again shortly before the close – or sooner if circumstances warrant.
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