Yep, according to my little pamphlet thingy from Mogan town hall the 3 Kings Parade for Arguineguin is on:
Tuesday 5th January 2010 @ 5.30pm
Starting from Avenida Los Canarios and will proceed down to the market square in Arguineguin.
Most people stand near to C.C Ancora or sit in a local bar til it's time, I recommend "Center Cafe" the purpley colour bar/restaurant next door to the arcade if it's open. Or Mandy's Den up the stairs from the main entrance.
Another nice place to wait is, "Bar Piporro" by Playa Las Marañuelas but if you want the excitement of seeing it from the start and following it down wait near C.C Ancora.
I can't wait hehe