Attraction Points(Apoints)

1378 1376 1371 1366 spx 1389 1392 1396 1402

Dollar is Killing the Currencies One by One, No prisoners taken!

12:32 ET, Yesterday was the best time to add from all days so far and I have seen Dave report shorting there, that is the kind of thinking that needs to happen with our subscribers. You are in the 7th day of MDS SELL, FED DAY market was showing strength and all of a sudden few minutes after FED announcement it started to falter. That was the time to add to short positions. Perhaps, this will be a lesson and next time more of our readers will have courage to do it at the most opportune times. Regardless, we are in the 8th day of MDS, and history does not support Stocks market explosion here, but if we got much over the high of yesterday the only thing that would be good is to have a position one can hang on, cause SOONER OR LATER the BUY signal is coming on a down move.

13:29 ET, we have just hit the 5th on ESMINI and JPY. I think they will rest now.

20:22 ET, In retrospect the market has played game on all shorts. It got to FIB 50% few times and "failed" to suck in few more shorts and now it is knocking on the door of 50% retracement. It was hard to ignore markets desire to retrace at least 50% of the loss from last year, but system dictates the moves, while we dictate the size of the risk. So, be it. I am personally very comfortable with less than 30% short exposure, even though MDS maybe setup to really lose this time around. Buy this logic in the back our minds, we have suspended any further orders to SELL FOR INVESTORS, which ought to leave them with no more than 37% long, but staying there for now.

1:35 ET, I always emphasize the flexible mind and over extension in trading. So, what is an over extension? In individual terms it is a condition that makes one uncomfortable, induces fear, makes hard to sleep, makes one irritated. Flexible mind is the one that upon the earliest notice of these feelings cuts the position to the size where those feelings disappear. Anybody that lets the cycle of fear and irritation go on to more so, needs to be out of the market now and forever, until a trader couch has been found to help that person learn trade management and position control. There is no universal rule on this subject, cause every person has different levels of pain threshold. These ideas are articulated in every email I send to subscriber and should be adhered to.