This is Turov on Timing for Thursday, November 20, 2008.
The SPX declined 52.55 points to close at 806.58. TOT daily traders were on the sidelines for the session. The
main reason for the decline was the turmoil in the commercial real estate market (see story at:
-84B6-1E1717BB7139}&siteid=yahoomy ) and at Citibank and other banks, (see story at:
Take no action in early market trading, but depending on how the market trades during the first 75 minutes, I
should be able to get a good read on the balance of the day from my NASDAQ model. I will therefore update again
between 10:45 and 10:50 a.m.
Thanks for the opportunity to be of service, and I’ll email you again in a few hours.
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