This is Turov on Timing for Friday, November 28, 2008.
Under normal circumstances, I would report that the daily model is slightly bearish today and I’d be recommending a
small short position. However, with recent volatility and the “higher bar” I’m employing before making a
recommendation, the reading is not strong enough to warrant risking a position in what is likely to be another
volatile session, both because of the extant environment as well as the normally low volume on the day after
Thanksgiving. Continue to stand aside.
One final comment: I’m currently working on the December monthly Turov on Timing, which I expect to be ready by
late Monday. It will discuss current events in detail and answer many of the questions that subscribers have been
Enjoy the weekend, thanks for the opportunity to be of service, and I’ll email you again six hours before the start
of Monday’s trading session.
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