Attraction Points

Dear Readers, Preliminary attraction ( daily) points are
1343,1341 - 1372.3,1374 (FOR SPX)

N QQQQ 44.08 - 44.54,44.59,44.80 ,45.02
N SPX 1351 - 1361,1364,1369
N QID

10:23 ET, Q's at second Attraction Point
10:32 ET, should be scratch no momentum down
02:54 ET, JPY status 1,1,1,0,0 , ST na, LT sell, while Hourly (mid bit) indicates the weakness in YEN , if it was to change to 0(BUY YEN) we could have a good chance of JPY spike up today. We stated before that this scenario , leading to Stock market sharp decline ( not necessarily new lows) would probably put MDS into the BUY mode.

Let me remind INVESTORS. They should be less concerned with daily gyrations of the market and should have been already up to 30-40% invested in stocks ( some from higher levels and some from lower levels). Most of these investments should be in either total market(spx and/or wilshire) or high quality, good yield stocks. ( I am mostly in MUNI bonds with a nice Yield and NAV improvement potential)

11:55 ET, after a little fake move from our short entry point Q's printed exhaustion bar and went down, well we are not the one to chase the market, just interesting.

Dear Readers for all the same Reasons that Dear Greenie and myself have discussed, for as long as we are writing this blog, we advised to buy the core holdings of GOLD as a insurance for 1929 type of calamity. 10% is just about right amount of your total capital in the GOLD, to protect the against such outcomes.


SOPITALIST IN ACTION read on
It is time to tell some of these people , just take a hike. OK here it goes. I am giving sentences without being exact: ( you can go and see Paul McCulley interview with Bloomberg).
Bloomberg: Paul, Steven Roach says in Davos that FED should not be printing money, cause they will create another bubble...
Paul: I respect Steve's opinion but I am not sure what Assets are getting into bubble...

Let us stop here and see what Boris says.

Dear Paul, from PIMPO( sorry PIMCO)... How about the bubble in BONDS? How about the Bubble in CHINA stocks. How about the BUBBLE in REAL ESTATE in ISRAEL, BRAZIL,RUSSIA, SINGAPORE?
HOW ABOUT THE BUBBLE IN GOLD. Is Paul Blind or SOPITALIST, wanting our money to make him rich as his bond holdings advance but our $dollar/pensions lose purchase power? ,Yes how about the "earnings" of Microsoft , Berkshire coming from "depreciated Dollars" ( bubble in Buffet/Gates Earnings?) you should be the judge.

Dear Readers this is as simple as 2 year old child will understand. Any time money ( real or electronic) is printed, it is not doing the work, cause the handlers( banks, brokers, politicians, skim the dough). And do not forget the SOOPTALIST CASINO, where your frail nerves are tested everyday to fleece you out of what you already have ( by scaring you into actions you do not want and do not understand?) Kapish! it never works for real folks like you and me.

DO you think Paul or Bill(Gross, his PIMPO buddy) will come and discuss with me right or wrong of this issue. Do not hold the breath. SOPITALISTS are not that stupid

These people are so discredited...
Yes, and do you think BLOOMBERG is impartial to BILL's /Paul's views. How many times they interview them?
Almost everyday, until everybody is brainwashed to death

14:31 ET, we just hit the 4th on Q's could be the top
14:31 ET, 45.31 is fifth, we are going there it looks like, good place to risk a little and see what comes out. Ony 10c risk please.
15:08 ET, short from 45.29 sopt 45.32(mental)
15:09 ET, stop at 45.29 break even
15:13 ET, stop down to 45. 26
15:14 ET, taking 25 c profit on 1/3 of positions, rest stop 45.32
15:16 ET, stop down 45.17 1/3 and 45.26 1/3
15:24 ET, stop down 45.14 on 1/3 rd and 45.26 on 1/3 rd. 1/3rd we collected 20c.
15:34 ET, stop down 45.01 on 1/3rd, collect profits at44. 74 (55cents) on 1/3rd
15:47 ET, collect the 1/3 rd at 44.59 ( 70cents)