This is Turov on Timing for Wednesday, November 26, 2008.
The SPX advanced 5.58 points yesterday to close at 857.39. TOT daily traders went 300% short at SPX 853.26, enjoyed
seeing it decline to 834.99 but because we had no stop (since I wanted to avoid a whipsaw) then saw it advance
through the close where we closed it out with a small loss.
The daily model is neutral today, and the market will likely respond to news on a low volume, pre-holiday session.
Enjoy the holiday, thanks for the opportunity to be of service, and I’ll email you again six hours before the start
of Friday’s trading session.
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