If your goal is to be rested going into Saturday, then I think you have the right idea. I do something pretty similar if I plan to do well in a race Saturday- intensity through Weds, rest Thurs, pre-race on Fri (usually an hour or hour and a half, mostly easy spinning with a few race intensity efforts thrown in to keep the legs aware of what they'll be doing the next day), then race Saturday. It works for me.