This is a 10:50 a.m. update of Turov on Timing for Monday, December 14, 2009.
TOT daily traders liquidated their long position and went 300% short at SPX 1109 this morning. The SPX is currently about 1 point above there. Lower your buy stop on the position to a very tight SPX 1111. Furthermore, if you get stopped out, simultaneously go 300% long at the same price. If you go long, use a 13 point sell stop on the new position.
Thanks for the opportunity to be of service, and I’ll email you again at 3:50 – or sooner if circumstances warrant.
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