This is Turov on Timing for Tuesday, November 25, 2008.
While the daily model is bearish today, the NASDAQ model indicates that the greatest opportunity to risk exists
AFTER the first 75 minutes of trading have been completed. That’s not to say that the first 75 minutes might not
decline; it’s simply saying that the risk during that time is not worth the potential.
Ordinarily, I’d be recommending a maximally bearish 500% short position with an appropriate stop. However, with the
market’s volatility, I’m going to recommend “only” a 300% short position and no stop. Obviously, nervous traders
can use their own selected stop, if they wish, but I feel the risk of a whipsaw is greater than the risk of a big
advance. TOT daily traders are advised to go 300% short at the market at 10:45 a.m. and hold the position for the
While all TOT recommendations are based on the SPX cash index, my “on the close” recommendation is based on the
QQQQ. If on the close, QQQQ is higher than where it was at 10:45, close out the position at the market on the
close. If it is lower than the 10:45 price, carry the short position overnight and into tomorrow.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of tomorrow’s
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