Attraction Points( Apoints)

N QQQQ 43.07,42.87 - 43.61,43.81,44.06
N SPX 1326,1322 - 1334,1331(1341 typo),1348

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10:30 ET, looks like we got stiff resistance at first on SPX

Please note, the dates 7-13 are important turning dates, the real question is are in for a high or low? Just finding out...

11:10 ET, Market is showing no signs of wanting to break down here, Is 12-13 feb high becoming more likely? The only problem I have with this is that Market has not provided 'really good opportunity" to buy more shares as we asked investors to buy (up to 5%) which would have brought the total stocks holdings to about 40-45%, Well do not fight the tape as they say and if market clears second AP here then we could be heading into 1350 range for SPX, Also I expect YEN(quote) to weaken(get stronger in price) sometime early next week and I also expect GOLD to move to a short cycle low into DEC (FEB stupid boris, typo again)12. So, the stock market high, just does not seem to be in concert with all of this! Remember though, since YBR/wbr call for late FEB, early March low, perhaps the FEB 12 high better fits the scenario, cause we would get the sell on rally not on decline, right? so the mid FEB sell could give YBR what it wants(low Early march)

11:52 ET, Having all that said, There maybe a little reason to get overly excited about things here. CNBC could play every day as if it was a SUPERBOWL game, but we could be in what I call meandering( love this word, what would i do without it) phase, where market just meanders into March and April without making big noise and new lows? Then turn up higher into Jul/Aug and down into OCTober 2008. Would not that be classic and would not that justify our call to be in quality high yield stocks? You get paid to watch the grass grow!

12:16 ET, Dear John, thanks, YOU SEE JPY status 1,1,0,1,0 is short term JPY strong indicator and stocks-weak indication. So, for a while this morning market seemd to swim against that, but now turned lower. I hate to say this word again, but if are to get the MDS buy on a low volatility meandering move, it would be tough thing for a short term intrady trader as the swings may diminsh. BUT for highyield quality stocks, that is NIRVANA

Ok, now let us look at the following possibilities if we close on the downside today(sharply)

One - we get the lows by next mid week and turn up sharply.
Two- we do not turn up sharply and contiue lower into Early March
both of these scenarios could be within the confines of meandering ( which is where my preferred forecast is, PERHAPS BECAUSE I BADLY NEED VACATION FROM FRIKIN MARKETS(:- )

14:30 ET, with the way JPY acted today, we can get nothing but meandering. 50c range today in JPY! does that sum it up or what?

So, let us say(almost sure) we get a buy today in Stock Market. that would mean that a trader puts on close to 15-20% of trading capital to work ( long in this case). Waits for next couple days and puts antohter 15-20% if the position is still available ( market is lower). For an INVESTOR though we are already at where I think we should be in Stocks at this juncture. So nothing to do.
(CaVEATE, Trader, better put the Long on the Open, to prevent having sleepless weekend)