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)

Dear Readers The National SOPITALIST Casino will soon be closed for today and the Wall Street ( WELFARE STATE ) will go to burbs to count money they screwed ordinary citizens out of. We are, like others waiting for FED and take it from there.

Good Trading

The dates of 31 Jan and 1 Feb are very important days all currency turnaround and it could also prove to be very important for Stocks. Below you will see the status of many currencies and some currency crosses.

02:54 ET, JPY status 1,1,0,1,1 , ST na, LT sell
for JPY numbers are inverted
02:54 ET, GBP status 0,1,0,0,0 ST na, LT sell
02:55 ET, AUD status 0,1,1,1,1 ST buy, LT sell
03:13 ET, EUR status 0,0,1,1,1 ST na, LT sell
03:32 ET, GBPCHF 1,1,0,0,1 ST na,LT na
03:52 ET, SHEKEL/ils 1,1,1,1,1ST sell, LT sell
For ILS numbers are inverted

See updated( Thanks Ivan) ASSET GROUPTATION link, Dollar is showing signs of approaching a local low. The way to read the status of the currencies is that in the short term anything can happen and it is possible that we will witness intraday spike low for a Dollar with corresponding spike high in foreign currencies, but there is a preponderance of signs indicating and imminent upturn in Dollar. Let us remember Dollar lows from Novemeber have not, since, violated. For the stock market this means that As soon as JPY starts going lower stocks will recover. Now that should happen either today on the SPIKE high of JPY or witnin next couple days. It would be nice to see the positive turn in MillionDollarSsystem with that!

So, stay tuned for Attraction Points next couple days and you and I may be able to catch Dollar and/or Stock Market lows at once?

08:37 ET, Net result of ADP payroll and GDB numbers announcment is a bit of an advnce in $USDollar

Attraction Points

Dear Readers,Markets are waiting for Consumer confidence 10:00 ET.
N QQQQ 44.37,44.26,44.13,43.85, 43.60 - 44.81,44,91,45.04
N SPX 1356,1353,1349, 1343 - 1367

10:05 ET, We see exactly what we expected so far , high early morning and lower move. Let's see what develops
10:06 ET, SPX hits the tirhd AttractionPoint Support

11:28 ET, We hope that everybody remembers , world is waiting for FED, why? no matter what they say in EUROPE/ASIA/SOUTHAMERICA and anywhere else, they are all eating from the SocialSecurity money stolen from USA seniors by Depreciation of Dollar. So well are they trained that they have their EYES glued to WASHINGTON, Hallelujah!

Jim Taylor, JD said...
Hi Boris,Hi JD, Aspect Chart indicates:
Low Feb 1
High Mar 7
Low April 22
Short 12545 DOW and 2377 NAZ
Best Regards,Jim,Same to you JIm

This schedule is a bit out of YBR's way, but it has as much merit. Dear Readers, please note these dates.

Thanks For Being With Us

As you see there are many ECO numbers coming out today. So, stay tuned , please note 15:30 ( Israeli time , is actually 8:33 ET)


Dear Readers The National SOPITALIST Casino will soon be closed for today and the Wall Street ( WELFARE STATE ) will go to burbs to count money they screwed ordinary citizens out of. I did not trade today and am about 15% invested mostly in Municipal Bond Funds with high Yield. This was a typical day before FED meeting and it could be even more anticipated FED day Wednesday as the stakes are high. So, we had strong up day even though it feels like nothing much happened, cause we got so used to these volatile days(200-400 point swings a day).Lag reported going short in SRS ( REIT anti ETF).Gold had a stellar day and until Gold Oscillator really deteriorates it could make a trip above 1000 (our possible target 1121). Dollar was lower today due to the anticipation of interest rate reduction by FED, which in our estimation may well be the last gain by EUROcurrencies against Dollar.
Good Trading

03:49 ET, Please visit updated ( Thanks Ivan) GROUPTATION , ASSET OSCILLATORS link, My day starts, so should yours.
06:16 ET, MDS did not generate the buy signal yesterday, that does not mean market can not go higher though, but if are long, you would want MDS to be on your side.

06:37 ET, HOW DOES TODAY LOOK IN THE MARKETS?
We may have a better opening than closing. Kind of a similar to Friday's pattern on a smaller scale

Attraction Points, coming up

Do not hurry here, we could have Friday Ugly game played upon us again. Where the high of the morning was it... But there is a difference, at this point JPY is not really oversold, so it would be hard to expect kind of a rally it staged on Friday
N QQQQ 43.20,43.36 - 43.98,44.11,44.35
N SPX 1319,1316 - 1333,1336, 1340

10:12 ET, NAZ showing better than SPX strength, is encouraging for bulls
10:13 ET, YEN support on second so far, trend UP in prices, maybe nearing an end with the exhaustion close
10:23 ET, did not get to any of our Apoints as the wide range created the big distance to cover down there. Just as well. We may not catch the bus, but market could at least catch a breath

Dear John, you mean we hit the High Apoint, Yes, I was looking for low Apoint. Thanks a lot. Soooooo it is hitting the highs OK, I can live with that.
10:32 ET, So, is the market playing half of Friday with us where the beginning is the same but the end different. If YEN keep moving lower that would be the scenario, but not sure yet. Unless YEN makes new lows of the day soon, the Friday will return, How Awful.
10:37 ET, Pattern looks decidedly different from last Friday. Considering cyclical low was expected around 20 Jan, we definitely must not go to new lows in the stocks market if some cyclical rally is still viable prognostication. After that rally supported by FED ( among other things) we expect YBR road to be followed DOWN into FEB/MARCH
10:47 ET, if momentum lost, right here, then more selling in the stocks will follow, so it is a critical possible buy with tight stop point. NAZ leads from the morning... very important fact on the bulls side.
10:52 ET, Dollar is getting beat up today and that is part of the meandering process(against European currencies) I eluded to for few weeks now, which should be followed by $US strength into mid-Year.
11:58 ET, we are at a dangerous juncture here, If YEN was to break up in here, Market will follow with its own down move
12:08 ET, YEN breaking up, not good for advances in the stock market today. Unless the move is big and strong, this might just be the lunch time doldrums in the markets to be remedied later on today
12:38 ET, Ok, you guessed it, I think we may have some volatility, but not much movement till Dr. Bernanke delivers the Message About interest rates. So, relax... just watch that larger limits are not violated.
14:21 ET, Turnaround time around 13:35 +-5 minutes
14:22 ET, OK the 13:35 High lasted only 25 minutes, but we are still not much higher than that point.
15:12 ET, After that fake strength around 13:35 where market made believers that it is going to hold up there , it turned and moving lower. So, the third high AttractionPoint would have been a good sell. But I am not in the mood to play before FED.
15:44 ET, Actually I had 15.35 another turn point, but I fell asleep, so telling you late. Sorry!

EXTRA, EXTRA!

04:00 ET, JPY status is 1,1,1,1,0, which is sell,sell,sell,sell, buy on the week,day,60m,15m,5min system. It is possible that MDS will turn into buy, as we are in the high frequency turn zone of the MDS internal oscillator. Do not get carried away with, stock market shorts and protect them as JPY may renew decline from here. Upon intraday Attraction point signals(wait) there may even be a place to go long tocks.
04:08 ET, JPY status is 1,1,1,,0

Thanks For Being With Us

Please see the updated(Thanks Ivan) GROUPTATION, ASSET CLASS , Oscillators. My day starts there, make it your starter too.

Dear Readers The National SOPITALIST Casino will soon be closed for today and the Wall Street ( WELFARE STATE ) will go to burbs to count money they screwed ordinary citizens out of. I traded today multiple times, scratched many trades (8) won three ( 17c+3c+45c). Pitiful results from the pitiful market. The best trade was early short as I suggested before open, except I was otherwise engaged with currencies(JPY , of course). So, are WBR/YBR correct and this market is going to hell faster than even MDS realizes? Possible, what do those stupid machines know?
( of course they have been programmed by stupid humans like me, what do you expect?). I hope you enjoyed with us today. Main takeaway, I hope, is that trading is work, while being the best fun work at that. Do not let anybody tell you otherwise. We got small gains or scratches reported by members... as well. One more item, I definitely hope , you noticed that when I trade during the day, I may have general idea what market may do today, but , really, I forget everything as soon as I put the trade on. The mechanics/execution and risk management take over and I am in LALA land. Not to be disturbed with forecasts of anybody , including my own! It can be noticed that any forecasting info received during or just before or after trading seems to make me angry, as I fight this info not to influence me. I have no such reactions when people post forecasts ideas at idle times.

I apologize to Pattern_Solver for calling him Problem_Solver, totally unintentionally( i think the name stuck in my mind due to he was calling himself once Analyser?). Nemaste, Peace Dear Pattern_Solver. Dear Ivan, Yes, the short answer is that YEN will be , at least, not weak, while and if Stock Markets move to lows in spring.