This is a 3:40 p.m. intraday update of Turov on Timing for Thursday, November 4, 2010.
After booking a huge profit on the long side, TOT daily traders went 300% short at SPX 1216. But the market keeps roaring on. Lower your protective buy stop to a very tight SPX 1221, and if not stopped out prior to the close, take the loss on the close and go overnight flat.
Thanks for the opportunity to be of service, and I’ll email you again in about 10 hours.
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