Attraction Points

N QQQQ 45.13,45.09 - 45.70,45.79
N SPX 1359,1358,1354.5 - 1368,1371,1374
N QID
10:13 ET, hit the first on SPX, I would not buy, but it may work for somebody.
10:17 ET, Q hits the first and second APoint, could have temporary rally from this support, As I said , not for me
10:21 ET, As Dear Danno, pointed as well, we have assumed that the day will be strong on the open and down thereafter. We will see...

10:37 ET, Markets are doing what Doctor ( ANTI-SOPITALIST ) ordered this morning ( sorry, do not take me seriously, if I was so precise...). OK

above see the Movers function On Bloomberg LLC terminal. 5 stocks account to the entire gain on NAZ ( at a time we took snapshot) MSFT/GOOG/AMGN/RIMM/ORCL, usual suspects, but believe it or not this is ok compared what we used to see 3-5 months ago.

10:46 ET, we will rebound here temporarily, Stay short if you are. There maybe no time to reshort

10:50 ET, 44.83 is third for Q's 44.45 and 44.17 are 4th and 5th

11:04 ET, do we all remember today is 25th YBR high? +-2 days?

11:19 ET, Careful with longs do not get suckered in. It maybe better to wait 20 more minutes.

12:50 ET, Q's are gliding across the 4th Apoint(low), and JPY is below that of its own.

13:00 ET, JPY on fifth Apoint, Q at around 4th still, One can carefully probe longs, do not risk more than 4-10c If you do forget my friendship.

Wait for a sign of turnaround ( upper Candle for example do not catch the falling knife).

Stopps to breakeven 13:20 ET, Mine is 44.46 on Q's , SCRATCHED THE TRADE.

Q's at 5th try again 13:37, my purchase 43.21. stops even

13:53 one more try at 5th 44.12 stop 44.09

13:55 breakeven at 44.12 stop

13:56 ET, stops 44.15, Mental did not trigger, new the suckers are reading my notes! Will exit though without loss.

14:11 ET, exited no loss caught another one. Stop at 44.12

14:12 ET, this one may have legs

14:23 ET, new stop 44.15, no alterations.

14:30 ET, stopping at 44.19 Stop is actually in! Sick of this market

Dear Readers, Friends, do you see why the Trading is a glamorous work?

Cause, while you eat the S like at any other type of work. Here you can decide, when you trade, what you trade and what are wearing or not when you trade. Besides that you sweat just like in any other work! There is no substitute for action. Only actual trading gives you what I do. Like a blind, with a brute force , I challenge the markets to take me out with a loss and win 90% of the time ( come out without loss). Lose 5% of the time no More than 10c at a time and when I win I win on the average above 25-30c. Is it is a dirty work, but somebody has to do it.

14:42 ET, Took myself out 44.29 +17c will monitor for repurchase above 44.41. Until then tea time.

14:45 ET, market has another turnaround time 15:00 +-5 min

14:56 ET, Riding BUS again from 44.07. Stop there

15:16 ET, I scratched 8 trades today, all with $1.5c +- about even. Made 17c+3c in two trades and riding another one from 44.19. Now who/what does that remind you dear readers. Yes Michael Jordan operated exactly this way. He used to toss in 50 points per game easy, but did you know his accuracy?... Not very good , often under 45%. So, what made him good. Hassle! Trading is hassling, you hassle the markets and on one of those trades you get rewarded. I got 50c so far on this one.

15:20 got 61, 58.5 64, 67.5, 73.50 67.50 etc... ( this is 300 lot).

15:29 Not getting out will scratch or make big.

15:45 Ok enough is enough of this pitiful market! out 45c