APEC meeting now in Singapore.

Asia-Pacific Economic Cooperation, or APEC, is the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region. APEC is the only inter governmental grouping in the world operating on the basis of non-binding commitments, open dialogue and equal respect for the views of all participants. Unlike the WTO or other multilateral trade bodies, APEC has no treaty obligations required of its participants. Decisions made within APEC are reached by consensus and commitments are undertaken on a voluntary basis.

APEC's 21 Member Economies are :

APEC Member Economies ( Date of Joining);

Australia(6-7 Nov 1989); Brunei Darussalam(6-7 Nov 1989); Canada(6-7 Nov 1989)
Chile(11-12 Nov 1994); People's Republic of China(12-14 Nov 1991)
Hong Kong, China(12-14 Nov 1991); Indonesia(6-7 Nov 1989); Japan(6-7 Nov 1989)
Republic of Korea (South Korea)(6-7 Nov 1989); Malaysia(6-7 Nov 1989)
Mexico(17-19 Nov 1993); New Zealand(6-7 Nov 1989); Papua New Guinea(17-19 Nov 1993)
Peru(14-15 Nov 1998); Philippines(6-7 Nov 1989); Russia(14-15 Nov 1998)
Singapore(6-7 Nov 1989); Chinese Taipei (Taiwan)(12-14 Nov 1991); Thailand(6-7 Nov 1989)
United States of America (USA)(6-7 Nov 1989); Viet Nam(14-15 Nov 1998)

Ministers from the Asia-Pacific Economic Cooperation (APEC) forum were meeting in Singapore ahead of a weekend summit involving US President Barack Obama, Chinese President Hu Jintao and 19 other regional leaders.

The Dow tuesday 10/11/09 is 8 market days to expiry.

**the Seventh day before expiry=Pullback.
9:30am:--Bearish 18.0 point start with bullish engulfing.

10:30am:--Session high with hammer and bearish stars.

11:30am:--Pullback to near open ready for retracement to MAV.

12:30noon:--Another pullback to lower than opening day price followed by morning star.

1:30pm:--Bulls trying to hold at the bear pivot.

2:30pm:--Retracement to MAV,piercing through again held back by bearish spinning stars.

3:30pm:--Bearish hammers after having made to the day's high a second time.

4:00pm:--Last minute short-covering,...not genuine.
There haven't been any major economic releases or outstanding commentary from Fed or Treasury officials but the hedge funds created their own theme with this intraday high volatility.

Any pullback will be within the bull pivot zone.

Meanwhile,the Senate Democrats on Tuesday proposed stripping the Federal Reserve of its supervisory powers and creating instead three new federal agencies to police banks, protect consumers and dismantle failing institutions.