Hi tnbquilt.
Reading the archives for the forums here, Ive read many many similar posts. It would appear that curds need to acidify sufficiently before they can be pulled and stretched. This acidification usually requires at least overnight storage in the refrigerator and often times longer than that.
As you have already mentioned you can check the acidification level of your curd with the pH meter, then you can know exactly when you can start stretching it. Without the meter it becomes tough, especially if you've never made it before. When the curd is not acidic enough it will remain firm, or as people call it squeaky.
Once it becomes soft, or in technical terms squishy, then it is most likely ready.
On a related note, which doesn't have anything to do with your problem though.
If you do go through the archives, or do a search for Mozzarella, you will see many people stretching the cheese in more than just plain water, mostly to prevent the calcium loss.
And as Karen said Mozzarella is a tough nut to crack, for noobs and more experienced makers so be ready for that.